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Kenya's economy faces climate change risks: World Bank
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US Congress votes to end record government shutdown
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First direct US-Venezuela flight in years arrives in Caracas
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Just telling nations to quit fossil fuels 'not realistic': COP31 chief
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Trump hails 'greatest king' Charles as state visit wraps up
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Drivers help study road-trip mystery: what became of bug splats?
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Oil strikes 4-year peak, stocks rise
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Iran's supreme leader defies US blockade as oil prices soar
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White House against Anthropic expanding Mythos model access: report
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Oil crisis fuels calls to speed up clean energy transition
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European rocket blasts off with Amazon internet satellites
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Nigerian airlines avert shutdown as Mideast war hikes fuel prices
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ArcelorMittal boosts sales but profits squeezed
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German growth beats forecast but energy shock looms
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Air France-KLM trims 2026 outlook over Middle East war impact
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Oil surges 7% to top $126 on Trump blockade warning
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Volkswagen warns of more cost cuts as profits plunge
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Rolls-Royce confident on profits despite Mideast war disruption
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French economy records zero growth in first quarter
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Carmaker Stellantis swings back into profit as sales climb
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Trump warns Iran blockade could last months, sending oil prices soaring
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Denmark's Soren Torpegaard Lund to 'stay true' at Eurovision
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Mamdani calls on King Charles to return Koh-i-Noor diamond
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Key points from the first global talks on phasing out fossil fuels
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Cuban boy's sporting dreams on hold as surgery backlog grows
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Bali drowning in trash after landfill closed
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ECB set to hold rates despite Iran war energy shock
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Samsung Electronics posts record quarterly profit on AI boom
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OMP Ranked in Highest Two Across All Four Use Cases in the 2026 Gartner(R) Critical Capabilities for Supply Chain Planning Solutions: Process Industries
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Meta chief Zuckerberg doubles down on AI spending
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Google-parent Alphabet soars as Meta stumbles over AI costs
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Brazil lowers benchmark rate to 14.5% in second consecutive cut
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Google-parent Alphabet soars as rivals stumble over AI costs
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Anti-Bezos campaign urges Met Gala boycott in New York
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African oil producers defend need to drill at fossil fuel exit talks
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'Gritty' Philadelphia pitches itself as low-cost US World Cup choice
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'I literally was a fool': Musk grilled in OpenAI trial
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OpenAI facing 'waves' of US lawsuits over Canada mass shooting
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Ticket price hikes not affecting summer air travel demand: IATA
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Uber adds hotel booking in push to become 'everything app'
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Oil spikes while stocks slip ahead of US Fed rate decision
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Canada holds key rate steady, says will act if war inflation persists
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Trump warns Iran better 'get smart soon' and accept nuclear deal
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US Fed chief's plans in focus as central bank set to hold rates steady
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German inflation jumps in April as energy costs surge
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UBS first-quarter profits jump 80% on investment banking
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Finnish lift maker Kone acquires German rival TKE, creating giant
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Diving robot explores mystery of France's deepest shipwreck
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Much-needed rains revive Iraq's fabled Mesopotamian Marshes
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Adidas reports higher profits but warns of 'volatile' climate
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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