Trump Tariffs Rock Global Trade Amid Economic Tensions
Monday, May 5, 2025, 6:20 am
Multiple sources report that Trump's tariff measures are rattling economies worldwide. Vietnam’s growth target adjustments, Malaysia’s discussions on reciprocal tariff cuts, ecommerce disruptions, and even deflation concerns in China attest to a broad array of challenges imposed by the tariffs, spotlighting the serious ripple effects across global supply chains.
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States like California were already exploring incentives to bring more productions stateside before the President sparked industry uncertainty over his tariff threats.
Mattel quickens effort to move production from China as tariffs hit toys Financial Times
Cummins withdraws 2025 financial forecast on tariff woes Reuters
U.S. President Donald Trump has ordered tariffs on all films produced outside of the U.S. On his Truth Social platform on Sunday, Trump said the U.S. film industry is “dying a very fast death” due to “all sorts of incentives” to move production to other countries. Declaring this a “national…
Bessent says Trump's tariff, tax-cut, deregulation agendas will drive investment to US Reuters
Trump’s tariffs have rocked the US and global economies, and it’s still unclear if there’s anything to be gained from them. Tariffs are affecting the … The post I asked ChatGPT how expensive the iPhone will be with Trump tariffs costing Apple almost $1B appeared first on BGR.
Apple may have been able to mitigate against Trump's tariffs before their full extent was announced, but the company's latest SEC filing reveals that this was only a short-term tactic, and price hikes may be inevitable.Apple CEO Tim CookApple has projected that it will take a $900 million hit over…
President Donald Trump says his administration will institute high tariffs on movies that fit the nebulous category of "produced in foreign lands," a definition that could include anything from anime to the latest Marvel films. In a Sunday evening Truth Social post, Trump claimed that "Other…
Today we look at how ecommerce aggregators are adapting to the impact of Trump’s tariff hike and the need to go beyond looks in politics.
Tariffs threaten to disrupt the supply chains that underpin the industry, and could even trigger a recession, the CEO of Suss MicroTec said.
He emphasized the government's commitment to achieving double-digit economic growth in the coming years.
Global economic growth forecasts have been downgraded, and factory activity is contracting in China and the UK.
Anwar described the discussions as initial but mentioned the possibility of reducing reciprocal tariffs.
JD.com is offering discounts of up to 55% on goods initially meant for the U.S. market.
permalink / 14 stories from sources in 13 hours ago #tariffs #trump #globalism #economy
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