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US trade deficits at core of Trump tariff moves
US trade deficits at core of Trump tariff moves
by  AFP

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy. Poitiers noted that countries can't impose tariffs on services, hence Trump's insistence on focusing on goods.

Hit by Trump, Canada and EU seek comfort in numbers
Hit by Trump, Canada and EU seek comfort in numbers
by  AFP

Buffeted by tariffs and threats from Washington, the European Union and Canada hailed their "friendship" and discussed drawing closer together Wednesday, in the latest sign of a Brussels push to diversify trade away from the United States. "The European Union and Canada... prove that trade agreements are clearly better than trade tariffs," Costa said Wednesday.

US consumer inflation unexpectedly up, Trump blames Biden
US consumer inflation unexpectedly up, Trump blames Biden
by  AFP

US consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. Trump wrote in a post on his Truth Social account shortly after the data was published, seeking to blame his Democratic predecessor for the CPI increase.

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