Tariff
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X @Bloomberg
Bloomberg· 2025-08-29 11:01
UBS cut its growth forecast for Switzerland next year and predicted a sustained impact on the economy as long as Trump’s 39% tariff remains in force https://t.co/PevcauLq0d ...
Indian Exporters Are Expanding Production in Africa to Dodge US Tariff
Bloomberg Television· 2025-08-29 06:08
Engine companies are scrambling to offset the pain from steep new U.S. tariffs. Export is racing to Africa in search of a tariff haven after Washington slapped a 50% duty on some Indian goods earlier this week. Now for more.Bloomberg sends you're Ganga joins us now from Kigali Rwanda. And you were yesterday we were talking about China seeing the opportunity and sizing up the opportunity in the African continent. Now, India as well, looking for new markets.Absolutely. Jomana, and you just mentioned in the in ...
X @Bloomberg
Bloomberg· 2025-08-29 04:05
President Donald Trump has ended the de minimis exemption that allowed cheap goods to pass through US customs tariff-free for nearly 90 years. How will the new rules impact American shoppers? Here's what to know. https://t.co/6NklM3AgZO ...
Tariff discussion will be front-and-center for Gap call, says retail investor Dana Telsey
CNBC Television· 2025-08-28 21:03
app. Shares of the retailer lower after an earnings beat, but revenue miss. Let's bring in Dana Telsey, CEO of Telsey Advisory Group.Uh Dana, this seems like a dramatic reaction. Does this have to do with the revised tariff expectations. >> That's what it is due to because when you take a look at the earnings, as you mentioned, they came in a little bit better than the consensus numbers.You did see the store sales weakened down 1%. online was stronger up 3% but the weaker gross margin with the merchandise m ...
X @Bloomberg
Bloomberg· 2025-08-28 17:22
Trade & Policy - The report discusses a tariff-induced embargo on the US [1] Geopolitics - The report focuses on the implications of trade policies [1]
Trump's 50% tariffs on India may lead to ‘more staggering price increases’
NBC News· 2025-08-28 00:00
Trade Policy & Tariffs - US imposed a 50% tariff on imports from India, doubled from an initial 25%, as a punitive measure for India's purchase of Russian oil [1] - The tariff increase aims to pressure Russia economically to reach a peace deal with Ukraine [1][3] - US and India have not reached a bilateral trade deal despite multiple negotiation rounds [3] - The tariff applies to goods like textiles, electronics, machinery, gems, and jewelry [4] - Key exports like pharmaceutical products and smartphones are currently exempt due to separate industry-specific considerations [5][6] Geopolitical Implications - The tariff hike risks pushing India closer to China, especially within the context of the BRICS economic alliance (Brazil, Russia, India, China, South Africa) [9][10][11][12][13] - India's relationship with China and Russia is interconnected within a complex trade network [11] - Brazil also faces a 50% tariff, highlighting the BRICS relationship's relevance [13] Impact on Russia-Ukraine Conflict - The tariff is part of a broader pressure campaign on Russia to negotiate a peace deal with Ukraine [3][14] - Russia expects India to continue buying Russian oil despite the tariffs [15] - Ukrainian officials state that Russia has shown no signs of wanting to end the war and that strong sanctions and tariffs are needed [16][17] - Russia has reportedly entered a new region of Ukraine, indicating continued conflict [18] - There are conflicting reports regarding potential concessions from Russia in peace talks [20][21]
S&P 500 closes at record high as Nvidia releases better-than-expected earnings
NBC News· 2025-08-27 22:42
All right, let's talk finance for a moment. Nvidia, the AI titan, largely seen as the most valuable company in the world, putting out a better thanex expected earnings report. Revenue soaring some 56% compared to last year.At the same time in Washington, the White House is hitting India with a blistering 50% tariff, punishing that country for buying uh Russian oil, one of the highest for any country in the president's global trade fight. And that could impact the price that we are paying for clothes, for la ...
X @Bloomberg
Bloomberg· 2025-08-27 15:38
The US has imposed what President Trump calls a "secondary tariff" on imports from India to penalize the country for buying oil from Russia. Here's what to know https://t.co/gZxS5FSaAV ...