US EditionThe Latest: Key US Trading Partners and Global Officials React to Trump's New Tariffs
UNITED STATES, JUL 7 – President Trump raises tariffs from 25% to 40% on imports from five countries to pressure trade negotiations, effective August 1, according to official letters he sent.
- Asian shares mostly rose as the Trump administration increased pressure on trading partners regarding tariffs, leading to a decline in U.S. stocks on Wall Street.
- The S&P 500 fell 0.8%, marking its biggest loss since mid-June, as Tesla dropped 6.8%, reflecting concerns over U.S.-China trade tensions.
- President Donald Trump announced new tariffs on goods from Malaysia, Kazakhstan, South Africa, Laos, and Myanmar, increasing taxes from 25% to 40% as part of an ongoing trade strategy.
- Experts warned that these high tariffs could hinder economic growth and raise recession risks.
14 Articles
14 Articles
L.A. business leaders warn Trump tariffs threaten California jobs and economy – Los Angeles Wave Newspaper Group
LOS ANGELES — Local business leaders criticized the federal government’s trade policies July 8, saying President Donald Trump’s recently announced tariffs are straining an already struggling economy. California Attorney General Rob Bonta hosted a roundtable in downtown Los Angeles to hear concerns from business leaders about the impact of the tariffs. Bonta previously filed a lawsuit challenging the Trump administration’s use of the Internationa…
Wall Street's main barometers occupied mixed positions on Tuesday, July 8, because investors continue to show greater nervousness while waiting to see more trade agreements between the United States and its partners before reciprocal tariffs come into effect.In the area of profits, only Nasdaq was placed, with just 0.03 percent, in the entire 20,418.46, while on the side of the losses the Dow Jones, with 0.37 percent, was placed in the 44,240,76…
Tulsa World
Sweeping Trump tariffs draw dismay, calls for talks from countries around the globe
Sweeping new tariffs announced by U.S. President Donald Trump provoked dismay, threats of countermeasures and calls for talks from countries around the globe.
The US President sends more than a dozen letters to the US trading partners, announcing new tariffs and thus increasing pressure on the European Union.
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