Posted inWestside Albuquerque

After Trumpโ€™s broad tariffs, Europe reels from the loss of an old ally

Byย Anthony Faiola,ย Steve Hendrix,ย Ellen Francisย ยทย The Washington Post (c) 2025 ROME – In announcing plans to rebuild post-World War II Europe in 1947, U.S. Secretary of State George C. Marshall linked security with economics. Without the United States doing whatever it could to promote โ€œnormal economic health in the world,โ€ he said, โ€œthere can be no political […]

Posted inWestside Albuquerque

Economists say the way Trump calculated tariffs makes no sense

By Andrew Ackerman, Federica Cocco ยท The Washington Post (c) 2025 Economists say the crude formula the White House used to calculate what itโ€™s calling โ€œreciprocal tariffsโ€ is too simplistic to achieve its goal of wiping out U.S. trade deficits – and, for that matter, they say that goal doesnโ€™t make sense, either. But the administration is defending its […]

Posted inWestside Albuquerque

Economists say the way Trump calculated tariffs makes no sense

By Andrew Ackerman, Federica Cocco ยท The Washington Post (c) 2025 Economists say the crude formula the White House used to calculate what itโ€™s calling โ€œreciprocal tariffsโ€ is too simplistic to achieve its goal of wiping out U.S. trade deficits – and, for that matter, they say that goal doesnโ€™t make sense, either. But the administration is defending its […]

Posted inWestside Albuquerque

Stocks plunge and businesses recoil after across-the-board tariffs

Byย Abha Bhattaraiย ยทย The Washington Post (c) 2025 President Donald Trumpโ€™s intensifying trade war sent stock markets reeling as investors, companies and Americans fretted about rising costs from an onslaught of new tariffs. U.S. stocks fell sharply Thursday, with the S&P 500 dropping more than 4 percent and the Nasdaq down 5 percent. The Dow Jones Industrial […]

Posted inWestside Albuquerque

Stocks plunge and businesses recoil after across-the-board tariffs

Byย Abha Bhattaraiย ยทย The Washington Post (c) 2025 President Donald Trumpโ€™s intensifying trade war sent stock markets reeling as investors, companies and Americans fretted about rising costs from an onslaught of new tariffs. U.S. stocks fell sharply Thursday, with the S&P 500 dropping more than 4 percent and the Nasdaq down 5 percent. The Dow Jones Industrial […]

Posted inWestside Albuquerque

Trump announces 10 percent tariffs on all imports, additional taxes for some 60 countries

Byย David J. Lynch,ย Jeff Steinย ยทย The Washington Post (c) 2025 President Donald Trump said Wednesday that he will impose a new 10 percent tariff on all imported goods along with an additional punitive import tax tailored for each of about 60 countries that his advisers say maintain the most unfair barriers against U.S. products. The presidentโ€™s long-awaited […]

Posted inWestside Albuquerque

Trump announces 10 percent tariffs on all imports, additional taxes for some 60 countries

Byย David J. Lynch,ย Jeff Steinย ยทย The Washington Post (c) 2025 President Donald Trump said Wednesday that he will impose a new 10 percent tariff on all imported goods along with an additional punitive import tax tailored for each of about 60 countries that his advisers say maintain the most unfair barriers against U.S. products. The presidentโ€™s long-awaited […]