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The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon

  • President Donald Trump announced new tariffs ranging from 10% to 54% at the White House on April 2, 2025, during a speech criticized for promoting conspiracy theories and poor economic ideas.
  • Following Trump's announcement, the Dow Jones Industrial average dropped 1,500 points, reflecting a negative global market reaction and concerns over price increases in the U.S.
  • Public opinion is against Trump's tariffs, with a YouGov poll showing 51% disapproving and 67% predicting price hikes, indicating a lack of confidence in his economic strategy.
  • Global leaders, including Ursula von der Leyen, expressed strong disapproval of the tariffs, describing them as harmful for the economy and a potential threat to global trade stability.
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The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon

Should the president hold fast to his tougher-than-expected trade policy, there's a material risk of at least near-term costs.

·United States
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  • 46% of the sources lean Left
46% Left
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newspakistan.tv broke the news in on Wednesday, April 2, 2025.
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