Trump Tariffs ‘as Big an Inflation Threat as COVID-19’
- President Trump announced new tariffs affecting nearly 90 countries on April 2, raising some duties as high as 50%, then paused most levies a week later.
- The tariffs stemmed from trade negotiations with a 90-day deadline ending July 8, with uncertainty remaining over which countries might face reduced or restored tariffs.
- Business leaders report that tariffs combined with rising interest rates and supply chain disruptions have increased operational costs, especially for small and mid-sized enterprises .
- A MYOB survey shows 17% of SMEs feel tariff impacts, 41% expect global economic destabilization, and more than one-third foresee higher business costs and inflation.
- The tariff situation and increasing government debts suggest policymakers must act decisively to balance economic growth and stability, while further tariff changes may depend on negotiation progress.
14 Articles
14 Articles
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Trump’s trade deals are stalling out at the worst possible time - Egypt Independent
With just a week and a half remaining of a 90-day pause on President Donald Trump’s “Liberation Day” tariffs, the White House is running out of time to negotiate its long-promised trade deals that could bring some certainty to an increasingly uneasy economy.
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