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Have Trump's Tariffs Gone as High as They Can Go? Business Hope So
Nytimes· 2025-12-06 10:01
Core Viewpoint - A significant number of companies are seeking exemptions from the high tariffs imposed by the Trump administration on foreign-made goods, citing negative impacts on their business operations and increased prices for consumers [1] Group 1 - Companies argue that the tariffs are detrimental to their business, leading to higher operational costs [1] - The high levies are reported to be raising prices for consumers, which could affect overall market demand [1] - There is a growing trend among businesses to petition for tariff exemptions as a response to these economic pressures [1]
The Last Word with Lawrence O'Donnell - Dec. 5 | Audio Only
MSNBC· 2025-12-06 05:40
the last one with Allieville, she starts right now. Hey, Allie. There was so much great stuff in your show tonight, but I'm important to play that Dan Bongino clip, right? Where he just says it out there. It's like, yeah, I used to have opinions that weren't based in fact, and now I'm the deputy director of the FBI, so I have to be based in fact, but one day I'll be back in that. It's like, what are you talking about? I'm taking a brief hiatus from pushing conspiracy theories for profit. That was weird. Jus ...
Economist calls out Trump for pushing up prices 'on purpose' after campaigning on affordability
MSNBC· 2025-12-06 04:31
Joining us now is Betsy Stevenson, the former chief economist at the United States Labor Department and former uh member of the Council of Economic Adviserss both under President Obama. She's now a professor of public policy and economics at the University of Michigan. Betsy, great to see you.Thank you for being with us. >> It's great to be here. >> Now, look, this is I I I'm bringing in a lot of an economic big deal here to answer a question that's that every American who doesn't know economics can answer. ...
X @The Economist
The Economist· 2025-12-06 01:40
Narendra Modi, India’s prime minister, has responded to Donald Trump’s tariffs by very publicly cosying up to both Russia and China’s leaders https://t.co/6w1sz8zMDR ...
X @The Wall Street Journal
The data defies worries there would be widespread layoffs in response to the U.S. tariffs that have dented the economy https://t.co/jOR3hDw0Ep ...
Bank of America revises 2026 inflation forecast ahead of CPI
Yahoo Finance· 2025-12-05 19:47
Core Insights - Inflation has significantly increased, with the Consumer Price Index (CPI) rising by 3% in September, up from 2.3% in April, indicating a persistent upward trend in prices [2][3] - The effective tariff rate has reached 16.8%, the highest since 1935, contributing to increased import prices and overall inflation [6] - Popular brands and retailers have responded to rising costs by reducing promotions and selectively increasing prices, leading to consumers paying higher prices for goods [7] Economic Context - Many Americans are facing tough spending choices due to rising prices, leading to delays in discretionary purchases to prioritize essentials [2] - The job market is weakening, contrasting with the inflationary pressures, which complicates the economic landscape [2] - The upcoming Bureau of Labor Statistics' November CPI report is highly anticipated, as it may indicate whether inflation is slowing down [3][5] Retail and Brand Impact - Major retailers like Walmart and AutoZone have adjusted their pricing strategies, resulting in consumers often paying full or higher prices for products [7] - Harvard's Pricing Lab reports that average prices are currently 6.68% higher than they would have been without the impact of tariffs, highlighting the significant effect of tariffs on consumer pricing [8]
The Trump Market Tango: A Whirlwind of Tweets, Tariffs, and Tremors
Stock Market News· 2025-12-05 18:00
Trade Agreements and Market Reactions - The Trump administration is considering withdrawing from the USMCA, causing uncertainty in North American trade [2][3] - Soybean futures dropped 0.93% to 1,109.04 USd/Bu, influenced by USMCA concerns and China's slow soybean purchase commitments [3] - Agricultural groups are advocating for a 16-year extension of USMCA to stabilize markets [2] Regulatory Environment and Corporate Impact - The European Commission fined Elon Musk's X €120 million ($140 million) for breaching online content rules, potentially provoking U.S. tariff threats [4] - Alphabet faced a €2.95 billion ($3.44 billion) fine in September, which led to a 4% decline in its stock price [4] - Analysts warn that tariffs could negatively impact multinational earnings and increase production costs for domestic importers [5] Economic Policies and Market Performance - The Trump administration's rollback of fuel economy standards positively affected automakers like GM, Ford, and Stellantis, with stock gains of less than 2% for GM and Ford, and 4% for Stellantis [6][7] - The DRC–Rwanda Peace & Mining Agreement could generate annual revenue streams of $2.5-4.2 billion for U.S. companies, despite concerns over local benefits [8] Market Overview - On December 5, 2025, the U.S. stock market showed modest gains, with the S&P 500 nearing its all-time high, attributed to lower-than-expected inflation and anticipated Federal Reserve rate cuts [9][10] - European markets were mixed, while Asian markets displayed caution, indicating global investor uncertainty [10]
2 Reasons Why We’re Definitely Getting a Recession in 2026, and 2 Reasons Why That’s Impossible
Yahoo Finance· 2025-12-05 15:54
BritCats Studio / Shutterstock.com What I find most fascinating about the markets in general (mostly the headlines in the financial media) is the amount of certainty that can go into bullish or bearish calls. Whichever side of the fence a particular analyst or talking head finds themselves on, I feel as though a given position can become more entrenched over time. Quick Read Tariff uncertainty and rising inflation pressures are causing businesses to delay hiring decisions. The new tax and spending bi ...
X @Bloomberg
Bloomberg· 2025-12-05 15:25
Switzerland is willing to offer more concessions on imports from the US if it can get even lower tariffs in return from Donald Trump’s administration, as it works to finalize an agreement reached last month https://t.co/lEw6wfQcDO ...
Can the US and Canada Reach a Trade Deal in 2026?
Bloomberg Television· 2025-12-05 15:18
What would be your advice for the Republican leadership, knowing that John Thune promised Democrats a floor vote. The House is in question. Yeah, So I think Senator Thune, Leader Thune is certainly going to fulfill that commitment.I think we know that that agreement, which is just a major extension of that, won't come forward. You know, in the House, I think they're frustrated because those eight weeks of the shutdown wasted the time to be able to do the negotiations. So the clock's ticking.Very quickly. Ye ...