Trump, Wall Street and TACO
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Texas, Donald Trump and FEMA
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President Donald Trump launched another round of trade threats against Mexico and the European Union Saturday—but it appears his head wasn’t in it. In a pair of posts on Truth Social, Trump announced plans to impose 30 percent tariffs on imports from Mexico and the European Union unless the trade partners “decide to build or manufacture product [sic] within the United States.
Buying the dip during recent tariff volatility has been profitable for investors, but the TACO trade could ultimately backfire, GMO's Ben Inker said.
Trump insiders maintain that it would make little sense — politically or from a policy standpoint — for the president to offer any further extensions on trade.
President Donald Trump complained to his aides about the lack of progress being made on trade deals as he was debating whether to push back his tariff deadlines yet again, according to a report. The president announced on Monday he was imposing a new wave of 25- to 40-percent tariffs on products from more than a dozen countries—including key trading partners such as Japan and South Korea—unless those countries reach new trade deals with the U.
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Trump’s latest threats, which he posted to his social media platform Truth Social, are replete with strange capitalization choices and purport that a 30 percent tariff is a small price to pay—though it’s the American importers, and ultimately US customers, who pay it—for the great privilege of trading with the United States.
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Raw Story on MSN'Lay off the links!' Critics roast 'TACO' Trump over flailing trade blitzTreasury Secretary Scott Bessent went back and forth with CNN's Dana Bash on Monday over whether President Donald Trump made the "90 deals in 90 days" he promised.Trump had paused his tariffs for 90 days,
Trump dropped a new tariff threat on Canada, promising an additional 35% import tax on all goods from the largest U.S. trade customer — starting Aug. 1.