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Kenya's economy faces climate change risks: World Bank
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Penguins queue in Paris zoo for their bird flu jabs
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Sri Lanka issues fresh landslide warnings as toll nears 500
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Stocks, dollar rise before key US inflation data
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After wins abroad, Syria leader must gain trust at home
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Markets rise ahead of US data, expected Fed rate cut
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German factory orders rise more than expected
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Flooding kills two as Vietnam hit by dozens of landslides
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Italy to open Europe's first marine sanctuary for dolphins
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Hong Kong university suspends student union after calls for fire justice
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Asian markets rise ahead of US data, expected Fed rate cut
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Georgia's street dogs stir affection, fear, national debate
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Pandas and ping-pong: Macron ending China visit on lighter note
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TikTok to comply with 'upsetting' Australian under-16 ban
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Pentagon endorses Australia submarine pact
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Softbank's Son says super AI could make humans like fish, win Nobel Prize
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OpenAI strikes deal on US$4.6 bn AI centre in Australia
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Rains hamper Sri Lanka cleanup after deadly floods
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Unchecked mining waste taints DR Congo communities
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Asian markets mixed ahead of US data, expected Fed rate cut
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French almond makers revive traditions to counter US dominance
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Aid cuts causing 'tragic' rise in child deaths, Bill Gates tells AFP
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Abortion in Afghanistan: 'My mother crushed my stomach with a stone'
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Mixed day for US equities as Japan's Nikkei rallies
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To counter climate denial, UN scientists must be 'clear' about human role: IPCC chief
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Facebook 'supreme court' admits 'frustrations' in 5 years of work
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South Africa says wants equal treatment, after US G20 exclusion
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One in three French Muslims say suffer discrimination: report
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Microsoft faces complaint in EU over Israeli surveillance data
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Milan-Cortina organisers rush to ready venues as Olympic flame arrives in Italy
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Truth commission urges Finland to rectify Sami injustices
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Stocks rise eyeing series of US rate cuts
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Italy sweatshop probe snares more luxury brands
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EU hits Meta with antitrust probe over WhatsApp AI features
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Russia's Putin heads to India for defence, trade talks
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South Africa telecoms giant Vodacom to take control of Kenya's Safaricom
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Markets mixed as traders struggle to hold Fed cut rally
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Asian markets mixed as traders struggle to hold Fed cut rally
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In Turkey, ancient carved faces shed new light on Neolithic society
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Asian markets stumble as traders struggle to hold Fed cut rally
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Nintendo launches long-awaited 'Metroid Prime 4' sci-fi blaster
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Trump scraps Biden's fuel-economy standards, sparking climate outcry
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US stocks rise as weak jobs data boosts rate cut odds
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Poor hiring data points to US economic weakness
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Germany to host 2029 women's Euros
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Satellite surge threatens space telescopes, astronomers warn
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Greek govt warns farmers not to escalate subsidy protest
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EU agrees deal to ban Russian gas by end of 2027
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Former king's memoirs hits bookstores in Spain
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German lithium project moves ahead in boost for Europe's EV sector
Trump's expanded tariff risk
Donald Trump (78), the former 45th and now 47th President of the United States, is preparing a surprising tariff package that could fundamentally change US trade policy. However, this package, which is intended as part of his strategy to strengthen the American economy, could have unexpected negative consequences that Trump may ultimately regret.
The expanded tariff package aims to tax further imports from certain countries in order to protect American companies and promote domestic jobs. In particular, tariffs on products from China, Mexico and the European Union are to be increased. Trump argues that these measures are necessary to combat unfair trade and restore the US as a leading economic power.
However, experts warn of the potential risks of this policy. Firstly, renewed tariffs, following the recent harsh US tariff measures, could lead to an escalation of trade conflicts, which could result in countermeasures by other countries and a global trade war. This would not only burden the American economy, but also jeopardise global economic stability.
Secondly, the new tariffs could increase prices for consumers in the US, as companies would pass on the additional costs to end customers. This could lead to inflation and reduce Americans' purchasing power.
Thirdly, the tariffs could damage relations with important trading partners and undermine confidence in the US as a reliable economic partner. This could have long-term implications for international cooperation and the geopolitical position of the US.
Fourthly, the tariffs could also have political consequences for Trump. If the measures fail to deliver the desired economic results or even have negative effects, this could weaken his support among voters and hurt his chances of re-election.
Overall, Trump's expanded tariff package would be a risky move that carries both economic and political risks. Although it is being presented as a means of strengthening the American economy, the long-term consequences could cause Trump to regret his decision.
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