Economists have broadly predicted Trump’s tariffs will raise prices and harm the economy.
Trump Warns ‘All Hell Is Going To Break Out’ If Hostages In Gaza Aren’t Released—As Hamas Announces Delay
Major stock futures indexes also rose early on Monday with the Nasdaq 100 Futures going up nearly 0.65% to 21,729 while S&P 500 Futures climbed up 0.4% to 6,074.criticizing the tariffs, saying: “The EU sees no justification for the imposition of tariffs on its exports. We will react to protect the interests of European businesses, workers and consumers from unjustified measures.”
PVH Group—the parent company of Tommy Hilfiger and Calvin Klein—and biotech firm Illumina were two other U.S. companies targeted by Beijing on Tuesday, with both being added to the country’s “unreliable entity list.” Starting February 10, China will impose an additional 15% tariff on coal and natural gas imported from the U.S. along with an additional 10% tariffs on crude oil, agricultural machinery, large cars, and pickup trucks, according to a Chinese
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