Expert breaks down short term tariff impacts

Expert breaks down short term tariff impacts

ALBANY, N.Y. (WTEN) — The Trump Administration signed significant tariffs on major trade partners this week. The tariffs include a baseline 10% tariff on goods, and a 25% duty on foreign cars. Get the latest news, weather, sports and entertainment delivered right to your inbox! This week on Empire State Weekly, Sylvan Lane, a business editor at the news website The Hill, explained that the high tariffs were meant to boost domestic manufact…

US Tariffs to Hit US More Than Europe in Short Term, Botin Says

The tariffs put in place by the Trump administration will likely hit the US economy more than Europe, Banco Santander SA Executive Chair Ana Botin said on Friday.

Trump's comprehensive counter-tariffs hit Europe hard – but they could become an economic boomerang for the US. On Wall Street, prices have collapsed as much as they have not since 2020.

Trump's "reciprocal tariffs" are bad news for Europe, but even worse news for the United States.