US Edition
Trump’s Trade War Backfires
- The US dollar index declined 9% this year, marking its weakest annual performance since 2017 under the Trump administration.
- This drop followed the April 2 tariff increases imposed by the White House, which stalled promised trade deals within a 90-day deadline.
- The weaker dollar pushed sterling up more than 8% year-to-date and coincided with Brent crude oil hitting a four-year low near $64 per barrel in April.
- A White House official highlighted that tariff-related supply chain disruptions are comparable to those caused by Covid-19, while the OECD indicated that these tariffs could negatively affect US economic growth.
- These economic pressures from tariff policies highlight challenges for US growth and trade relations under the current administration.
27 Articles
27 Articles
U.S. President Trump is causing uncertainty in global trade with his erratic customs policy. Germany's export nation is the poison. This is reflected in the most recent foreign trade figures.
Trump's trade war may 'almost double the original retail price' of clothing: analysis
Roughly 97% of all clothing for sale in American stores is made overseas, and most of those imported clothing items are made in China. Now, a new analysis breaks down exactly how much more Americans can expect to pay for basic clothing items if President Donald Trump's tariffs remain in place.CNBC reported Thursday on an analysis from financial services firm AlixPartners that estimated the cost of commonly purchased items that are subjected to t…
There’s at least one area where Canada can thank Trump
Canadians might not like to hear this, but given President Donald Trump’s tariffs and threats, there’s at least one area of economic policy where the country owes the US leader a strange sort of thanks.For decades, Canada’s 13 provinces and territories have maintained trade barriers against each other, a bewildering arrangement of tariffs, quotas, and regulations that has boosted prices, reduced efficiency, and yielded some absurd stories: A New…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
To view factuality data please Upgrade to Premium
