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"Congressional Republicans say they won't do anything as prices skyrocket, says Gov. Andy Beshear
MSNBC· 2025-11-16 22:06
But joining me now is Kentucky Governor Andy Basher, a Democrat. Governor, welcome and thanks for being our first ever guest on MS Now. So, let's start with the end of the shutdown and its immediate impact on your state.You've said the nearly 600,000 residents who rely on SNAP could see those benefits restored fully as early as today. Are you seeing that happen. Yes, we are.And first, thanks for having me as your first ever guest. And I'm here with good news, at least for Kuckians. Our folks worked through ...
X @Bloomberg
Bloomberg· 2025-11-16 22:00
Tariffs could change your gift list. See what to buy and what to skip this year https://t.co/39MVaxFgLi ...
Trump Admin. rolls back tariffs on certain items
MSNBC· 2025-11-16 19:03
On Friday night, while you might have been hitting the dance floor, President Trump quietly rolled back some tariffs on about a dozen different items. We're talking everyday staples like coffee and tea, tropical fruits. Think mangoes or dragon fruit, cocoa, spices, bananas, oranges, tomatoes, certain kinds of beef, and fertilizers, and a lot of everyday items.Now, one of the president's closest trade and economic adviserss, Peter Navaro, was asked why they're getting rid of these tariffs on these items righ ...
X @Bloomberg
Bloomberg· 2025-11-16 18:30
Last year, the owner of a sawmill in North Carolina voted for Trump. This year, he’s closed down his mill and blames the squeeze from Trump’s tariffs.On this episode of the Big Take podcast, @sdonnan visits the Old North State to understand the ripple effect of tariffs on one of the oldest industries in America https://t.co/vVriPOzkno ...
X @Bloomberg
Bloomberg· 2025-11-16 16:36
Treasury Secretary Scott Bessent said President Donald Trump’s proposal to send $2,000 “dividend” payments from tariffs to US citizens would require congressional approval. https://t.co/cSCC4zJ1HT ...
X @The Economist
The Economist· 2025-11-16 14:00
The threats to growth from America’s tariffs are almost too many to count. Yet they could still throw plenty more sand in the gears of the world economy in the coming year https://t.co/Rbxa3k4GID ...
Trick week for stocks
Yahoo Finance· 2025-11-16 13:51
Stocks face potentially a volatile week, and not just from the earnings that are due from the likes of Nvidia, Walmart, Home Depot, Lowe's and Target. There's also a bit of unease settling over markets coming from crypto land, where prices for bitcoin, ethereum and other cryptocurrencies have slumped since they peaked in the past few months, and from the strains in the U.S. economy from tariffs, inflation and slowing job growth. So, the Dow Jones Industrial Average fell nearly 800 points on Thursday and ...
X @Bloomberg
Bloomberg· 2025-11-16 11:04
Swiss Economy Minister Guy Parmelin pushed back against criticism of Switzerland’s preliminary trade agreement with the US, which cuts tariffs on many Swiss goods from 39% to 15% https://t.co/jJtOLcUpgs ...
The Art of the Deal, Redux: Tariffs Today, Gone Tomorrow?
Stock Market News· 2025-11-16 06:00
Group 1: Tariff Policy Changes - President Trump announced significant tariff cuts on various food items, including beef, coffee, and tropical fruit, to combat rising grocery prices and ease inflation concerns [2][3] - The removal of tariffs has been met with mixed reactions, with companies like Starbucks and Hormel Foods potentially benefiting from lower input costs [3][4] - The market's immediate response to the tariff rollbacks was characterized by volatility, with the Dow Jones Industrial Average dropping nearly 800 points (1.7%) on November 13, 2025, and continuing to decline the following day [4] Group 2: International Trade Agreements - The U.S. reached a significant trade deal with Switzerland, reducing tariffs on Swiss goods from 39% to 15%, with Swiss companies pledging to invest $200 billion in the U.S. by 2028 [5][6] - Uzbekistan committed to purchasing and investing $35 billion over the next three years, potentially exceeding $100 billion in the next decade, across various U.S. sectors [6][7] - These trade agreements are aimed at increasing economic engagement and countering the influences of Russia and China [7] Group 3: Market Reactions and Economic Impact - Analysts have noted that Trump's tariffs were labeled as the largest U.S. tax increase as a percentage of GDP since 1993, projecting a 0.6% reduction in U.S. GDP [9][10] - The market experienced significant turmoil in early 2025, with the Dow suffering losses exceeding 1,500 points following the announcement of new tariffs [10][11] - The "on-again, off-again" approach to trade policy has left analysts scrambling, with some suggesting that a cessation of certain tariffs could materially upgrade growth forecasts for the second half of 2025 [11][12]
X @The Wall Street Journal
Aside from reducing tariffs, President Trump faces limits in his ability to bring down prices. https://t.co/8nXvbR20tJ ...