BEIJING, CHINA | Xinhua | The U.S. Senate narrowly passed President Donald Trump’s “One Big Beautiful Bill Act” Wednesday in a 51-50 vote. Though touted as delivering broad prosperity, the sweeping tax and spending package disproportionately benefits the wealthiest Americans. At the heart of the bill is an unprecedented series …
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LONDON, UK | Xinhua | Americans are planning to spend less money this summer due to the impact of U.S. President Donald Trump’s trade tariffs, The Independent has said, citing polling, surveys and media reports. In a survey by personal finance company WalletHub, 45 percent of respondents said tariffs are …
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It is worth remembering that Trump’s early attacks on the Fed’s independence already backfired. US stocks sank, bond yields spiked, and Trump stopped threatening to fire Fed Chair Jerome Powell. COMMENT | NOURIEL ROUBINI | Since US President Donald Trump’s election last year, I have argued that at least some of his policies …
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NEW YORK | Xinhua | A day after the U.S. Court of International Trade invalidated U.S. President Donald Trump’s reciprocal tariffs and other duties, a federal appeals court on Thursday granted the Trump administration’s request to temporarily pause the trade court’s ruling. The judgment issued Wednesday by the international trade …
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Abidjan, Ivory Coast | THE INDEPENDENT | As the United States imposes higher tariffs with global ramifications, African Development Bank Group (AFDB) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. …
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MEXICO CITY | Xinhua | The Mexican cattle industry is losing about 11.4 million U.S. dollars each day due to the U.S. government’s suspension of live cattle imports from the country, authorities said Monday. The temporary ban, which Washington said was because of a review of joint efforts to control …
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Donald Trump’s most destructive economic policies will be contained by market, institutional, and structural forces COMMENT | NOURIEL ROUBINI | Last December, I argued that while some of US President Donald Trump’s policies would be stagflationary (reducing growth and raising inflation), such effects would ultimately be mitigated by four factors: market …
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HANGZHOU | Xinhua | In a compact shop no larger than 10 square meters, Tao Yang, a vendor in Yiwu — a city in Zhejiang Province known as “the world’s supermarket” — keeps a well-used World Atlas on her desk. “I ask my customers to sign their names over their …
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The world trade body previously expected global goods trade to expand by 2.7% in 2025 but it now forecasts it will fall by 0.2% ANALYSIS | CHARLOTTE EDWARDS | The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It …
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COMMENT | NANCY QIAN | With little economic or political rationale, US President Donald Trump has introduced some of the highest tariffs in more than a century, and imposed them on nearly every economy in the world. Then, suddenly, despite his insistence that the tariffs were here to stay, he paused the …
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The Independent Uganda: You get the Truth we Pay the Price
