Economists rip Trump’s $2,000 tariff revenue plan
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Michigan voters are linking higher grocery prices to President Donald Trump 's tariffs, according to a new poll released Friday, Nov. 14. The results offer a potentially bleak outlook for the Republican Party in next year's midterm elections, particularly if voters are motivated by economic factors.
One of the friend of the court, or amicus curiae, contributions to the high court's understanding came from a group of 47 economists from across the ideological spectrum, including four Nobel laureates in economics, two former Federal Reserve chiefs, and one Treasury Secretary.
Switzerland has been hit with a 39 per cent US tariff — totalling about 44 per cent for Richemont once existing duties are included — since August, the highest imposed on any developed economy. Washington has cited Switzerland’s $39bn trade surplus with the US as justification.
More expensive safety equipment means most businesses are delaying orders of employee protective gear, or using cheap alternatives that could raise accident rates on the job.
Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels from U.
Forget the Grinch — this year, it’s tariffs that could try to steal the Christmas tree. Artificial Christmas trees will cost an estimated 10% to 20% more this season than they did last year because of increased tariff costs, according to several major U.S. importers. And the cost of lights could jump as much as 63% for the same reason.
Mexico raised tariffs of up to 210% on sugar imports from countries with which it doesn’t have a trade deal, part of a plan to protect the domestic industry from falling prices.
Most big emerging economies, including China, Brazil and India, can weather U.S. tariffs without excessive pain, a study by risk consultancy Verisk Maplecroft showed, raising doubt about the clout of President Donald Trump's trade tools.
The move eases some signature Trump-administration duties on items from Ecuador, Argentina, El Salvador and Guatemala.