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#ustariffs

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alojapan.com/1286885/trump-ann Trump announces 50% steel tariffs and hails ‘blockbuster’ deal with Japan – The Irish Times #DonaldTrump #Japan #JapanNews #news #USTariffs Donald Trump announced on Friday he was doubling foreign tariffs on steel imports to 50 per cent, as the US president celebrated a “blockbuster” agreement for Japan-based Nippon Steel to invest in US Steel during a rally in Pennsylvania. Surrounded by men in orange hardhats at a US Steel plant in West Mif…

ABCNews just now… about rising inflation due to #USTariffs. #DonaldTrump and his tariffs have little to do directly with rising prices in Australia.

#Australia produces enough #food to feed the country and export some as well. Don’t belive the hype. Eat #seasonal #crops.

Australian consumers just need to keep purchasing the lowest price for the quality they want regardless of US imports. In other words, Let The #Markets sort it out (a la the best of #neoliberal #economic thinking). If something becomes too expensive to bear, just don’t buy it.

Also, what we are beginning to see is Corporate and Large business #grifters using the ‘beat-up’ of #Tariffs (borne by US citizens and US businesses only) as an excuse to jack up their profits.

The ‘spreading’ of increased costs on US businesses (from paying tariffs on the goods they manufacture off-shore — a perfect own goal for the #TrumpAdministration) over all of their markets (again, to maintain and increase profits) deserves a consumer backlash worldwide. DON’T BUY US IMPORTED GOODS.

Asian stock markets fell sharply as renewed US tariff uncertainty, following a US court's reversal on Trump-era tariffs, triggered risk-off sentiment across Japan, China, and Hong Kong, with tech suppliers and automakers particularly hard hit.
#YonhapInfomax #USTariffs #Nikkei225 #ShanghaiComposite #AppleSuppliers #RiskAversion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

The Bank of Korea has sharply cut its 2024 GDP growth forecast to 0.8%, citing weak domestic demand, sluggish exports due to U.S. tariffs, and a steep decline in construction investment, while maintaining its inflation outlook and raising its current account surplus projection.
#YonhapInfomax #BankOfKorea #GrowthForecast #ConstructionInvestment #USTariffs #CurrentAccountSurplus #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

Anniek Bao reveals a complex economic picture in China, where industrial profits rose 3% in April, signaling resilience amidst U.S. tariffs and deflation. Despite this profit growth, broader indicators show challenges, with manufacturing hitting a 16-month low and retail sales slowing to 5.1%. For a deeper dive into these trends and their implications, click here: cnbc.com/2025/05/27/china-indu
#China #IndustrialProfits #USTariffs #Economy #Manufacturing

CNBCChina's industrial profit growth accelerates in April as Beijing's policy measures cushion tariff impactCumulative profits at major industrial firms climbed 3% in April, brushing off the impact from prohibitive U.S. tariffs and persistent deflationary pressures.

alojapan.com/1281054/trumps-ta Trump’s Tariffs Get ‘Big, Beautiful’ Rebuke From Tokyo #ChinaTariffs #JapanTariffs #JapanTrump #JapanUsNegotiation #JapanUSTrade #ShigeruIshiba #ShigeruIshibaTrump #Tokyo #TokyoTopics #TrumpTariffs #UsChina #USTariffs #東京 #東京都 Shigeru Ishiba Kim Kyung-Hoon – Pool/Getty Images As a desperate Donald Trump scours the globe for a large economy with which to forge a trade deal, he’s being rebuffed by one in ways he didn’t see coming: Japan. Based…