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Sweden's economy and households are already feeling the heat from U.S. President Donald Trump's trade tariffs, the country's finance minister said.
The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic growth by 0.6 percent.
US President Donald Trump has signed an order doubling tariffs on steel and aluminium imports from 25% to 50%. The move hikes import taxes on the metals, which are used in everything from cars to canned food, for the second time since March.
Retailers, wholesalers and distributors say shifting U.S. trade policies have led to pervasive uncertainty as they gear up for back-to-school and holiday orders.
1don MSN
Plus, the Bureau of Labor Statistics' jobs numbers for May is forecast to indicate 120,000 new payrolls added, which is considered a healthy figure but falls below the 12-month average.
President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles.
5hon MSN
South Korea's new President Lee Jae-myung said he and President Donald Trump agreed to quickly work toward a deal on tariffs in their first phone call since Lee's election victory.
OTTAWA (Reuters) - Canadian Prime Minister Mark Carney and U.S. President Donald Trump are in direct communication as part of Ottawa's bid to persuade Washington to lift tariffs, Industry Minister Melanie Joly said on Thursday.