The 10 Biggest Billionaire Losers Of The Tariff War So Far
- The President stated that tariffs will bring nearly $8 trillion in investment from foreign firms establishing factories in the US, aiming to benefit the economy and market.
- Donald Trump imposed a 10 percent tariff on imports from Britain to the US, the lowest imposed on any country, while the EU faces a 20 percent tariff.
- Trump's tariffs help some industries but generally have a negative effect on manufacturers that need to import foreign goods as parts and raw materials.
- Trump has been criticized for the US's effective non-tariff barriers, which impose high costs on imports, but he did not discuss reducing these barriers.
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Winners and losers: experts say some industries face downside from tariffs, while others could benefit
Experts say U.S. tariffs will have a significant impact on the Canadian economy, potentially triggering a recession, but certain industries like retail and tourism could benefit while others like automotive and manufacturing could see a more significant downside.
·Canada
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Total News Sources16
Leaning Left3Leaning Right4Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 38%
13%
R 50%
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