The US has imposed tariffs on over 60 countries, with some reaching 50 percent, causing significant global shock and confusion. These tariffs have resulted in financial volatility, negatively impacting the US stock market and revealing slower-than-expected economic growth in jobs reports. In response to these developments, President Trump dismissed the head of the US Labour Statistics agency, accusing her of data manipulation. The implications of these tariffs raise concerns regarding potential backfire on Trump's policies and effects on the global economy.
The US has imposed new tariffs, affecting over 60 countries with levies as high as 50 percent, leading to global confusion and financial volatility.
More than 60 countries are scrambling to cope with US-imposed tariffs, and reactions include confusion and a downturn in US economic indicators.
The recent tariffs have raised questions about their potential impact on the global economy and the possibility of political backlash affecting Trump's agenda.
The US stock market experienced downturns alongside slower than expected economic growth, prompting President Trump to dismiss the head of the US Labour Statistics agency.
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