US EditionTrump's Previous Tariff Push Terrified the World Economy. He's Betting This Time Is Different
DENVER COUNTY, COLORADO, JUL 8 – Trump’s tariffs on 14 countries include up to 50% on copper and potentially 200% on pharmaceuticals, with tariff revenues expected to exceed $300 billion this year, officials said.
- President Donald Trump announced a new series of tariffs this week, including rates exceeding 40% on imports from Laos and Myanmar, along with plans to impose 25% duties on goods from Japan and South Korea.
- These tariffs follow a 90-day negotiation period and come amid warning letters sent to 14 mostly Asian countries that impose taxes ranging from 25% to 40% on U.S. goods.
- Treasury Secretary Scott Bessent stated at Tuesday's Cabinet meeting that tariff revenues could exceed $300 billion this year, while Trump said on Truth Social that there will be no change to this tariff schedule.
- Despite past market turmoil from similar tariffs, high-yield credit spreads currently remain compressed at 286 basis points, suggesting investors expect the U.S. economy to endure, though analysts warn some stress signals may emerge below the surface.
- Economists label these tariff hikes among the most aggressive in recent history, and while some policymakers criticize the lacking strategy, trade tensions risk causing macroeconomic volatility and potential repricing in junk debt markets.
94 Articles
94 Articles
PoliticsDonald Trump's customs policy once again causes resentment. A CNN expert mentions the exact moment when his approval values were shaken – and warns of another crash.
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NPR's A Martínez talks with Jay Foreman, CEO of Basic Fun!, the company behind Tonka and Care Bears, about how President Trump's latest tariff decisions are impacting business.
To the editor: Michigan and Ohio jobs will be true test of tariffs
THE RESOLUTION of President Trump’s tariff plans, expected this month, couldn’t come soon enough for the auto and manufacturing heartland that helped sweep him into office. The economies of Michigan and Ohio have been deteriorating since last year and are poised to worsen as a cooling labor market, stagnant consumer confidence, and high interest rates chill auto demand and factory activity.
The push around tariffs is back, and President Donald Trump knows that the economic power of the United States is one of its most powerful weapons to achieve its goals in different fields. After a weekend full of celebration for the MAGA movement for the signing of the “great and beautiful” bill, on Sunday the Administration surprised by announcing an extension of the deadline that had been set to achieve tariff agreements with dozens of countri…
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