US economy
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President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Turkey, Azerbaijan, and Malaysia have…
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For weeks, the Trump administration played up the dangers of the coronavirus as it sought to convince Americans to disrupt their lives and stay home. Now, as President Donald Trump aims for a swift nationwide reopening, he faces a new challenge: convincing people it’s safe to come out and resume their normal lives. It’s a…
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The White House has released a set of guidelinesfor reopening the US economy in line with President Donald Trump’s desire to bring an end to the national lockdown in the country due to the coronavirus pandemic. These consist of a three-phase plan that could allow some states to begin easing lockdown restrictions put in place…
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President Donald Trump has floated the idea of easing at least some restrictions as early as May 1. U.S. public health agencies warned that lifting lockdown measures could require tens of thousands more investigators to call people who test positive, track down their contacts and get them into quarantine. Without the extra help, officials insist, states cannot…
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Wall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after employment and manufacturing data suggested that the U.S.-China trade war is taking an increasing toll on the U.S. economy, Reuters reports. Adding to trade concerns, the United States won approval on Wednesday to levy import tariffs on $7.5 billion…
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