The uncertainty of higher tariffs has spurred Germany, Italy, Portugal and Spain to announce financial lifelines for businesses and workers. More countries are expected to follow.
Category: Economic Conditions and Trends
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U.S. and China Headed for ‘Monumental’ Split, Putting World Economy on Edge
A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.
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Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
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Britain Lost Out on Euro Disney. Now It’s Getting a Universal Theme Park.
A yet-to-be-named Universal Studios theme park will be the country’s largest tourist attraction when it opens in 2031. But studio executives have not yet said which characters will be featured.
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India’s Millions of New Investors Are Reeling From Tariff Turmoil
Legions of ordinary Indians have gone into stock trading, lured by easy online access and a market boom. Now many of them are getting a rude shock.
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Trump’s Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
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American Whiskey Distillers Brace for Trump’s 2nd Trade War
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
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Trump’s Trade War Risks Forfeiting America’s Economic Primacy
The United States has steered an economic order for 80 years based on trade and trust, making the country the world’s financial superpower. That vision is now blurred.
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Japan Lacks a ‘Viable Option’ for Retaliating to Trump’s Tariffs
Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.
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U.K. Boosts Military Spending and Cuts Welfare in ‘Uncertain World’
The changes come as President Trump’s tariff threats have disrupted global trade and added pressure to the British government’s already strained budget.
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Why These Islanders Hunt Dolphins
The residents of Fanalei Island, in the Solomon Islands, say the lucrative hunts will help them buy land elsewhere and move off their sinking home.
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China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs
Tax revenues have fallen, leaving the government with less money to help consumers or exporters as Beijing braces for President Trump’s tariffs.