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Investors have already been told to expect billions of dollars in lost corporate profits due to new tariffs.
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President Donald Trump has made a fresh move in his trade war with China, saying that an 80% tariff on Chinese products "seems right" but determining the correct level is up to Treasury Secretary Scott Bessent. Here's how to think about it.
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Dow Jones Today: Stocks Inch Higher as Market Aims for 3rd Straight Day of Gains While Investors Await News on Tariffs; Tesla Soars InvestopediaStocks fall Friday as traders are cautious ahead of China trade talks: Live updates CNBCThe U.S. and China are set to begin trade negotiations in Switzerland this weekend NPRStock Market Today: Dow sheds over 100 points, S&P 500 and Nasdaq turn lower as U.S.-China talks loom; Bitcoin holds over $100,000 MarketWatch
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Dax index becomes first major European benchmark to recover all losses sparked by US tariff threats
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India and Pakistan accuse each other of attacks, tourists flee ReutersLive Updates: India-Pakistan Conflict Intensifies Into Most Expansive in Decades The New York TimesIndia, Pakistan tensions escalate as they exchange accusations of aerial attacks: live updates CNNIndia and Pakistan trade attacks amid risk of war between nuclear states NPR
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The president said reducing tariffs to 80 percent from the current 145 percent "sounds right," as U.S. and Chinese negotiators prepare to meet in Switzerland.
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US president promises ‘breakthrough' deal with UK will be first of many as he signals optimism on China talks
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The Federal Reserve held interest rates steady amid uncertainty over President Trump's trade war. And, the Trump administration has plans to deport migrants without legal status to Libya.
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"A U.K.-U.S. trade agreement is very welcome... But the U.K. is a very open economy," Andrew Bailey told CNBC.
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