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Kenya's economy faces climate change risks: World Bank
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Four Al-Fayed survivors told they were trafficking victims
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Trump says US support for Japanese yen a 'signal of friendship'
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Brazil's Lula, 80, says 'in great shape' as he launches fourth term bid
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Handbag tosses and high-heeled sprints: Amsterdam celebrates Drag Olympics
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South Korea records its highest-ever temperature of 42.5C
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Baltics transform from Soviet stagnation to startup hubs
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AI keeps consumer prices high in 'RAMaggedon' chip crunch
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Five of Cuba's 15 provinces without power as grid fails again
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Baltic startups take aim at deterring Russia on NATO's eastern flank
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OPEC+ tipped to raise production again but new quotas loom
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France's largest wildfire in decades 'under control', says minister
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South Korea baseball league cancels two games over heatwave
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Warsaw and Kyiv exhume Volyn victims at centre of diplomatic quarrel
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India PM Modi says he forgives protesters who abused him
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California lifeguards wiped out from extreme weather
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US plans steep water cuts for southwest amid Colorado River crisis
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Amazon surges as US stocks shrug off bond yield worries
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Oil giants report blowout profits on war, warn high gas prices could persist
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Hungary to shut nuclear plant as heatwave hits central Europe
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Google launches new satellite image AI tool, alarming researchers
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Tech-fuelled rally fizzles as oil prices rise
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US Fed dissenters call for rate hikes over sustained inflation
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Alarm over climate-linked low level of German waterways
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New York sues online prediction markets giant Kalshi
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Commerzbank agrees to talks with UniCredit after two-year standoff
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Profits surge at US oil giant amid Iran war supply shock
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Fornaro Legal Releases Guidance to Help Businesses Maintain Clear Ownership Records During Growth
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Stock markets rally on tech rebound
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Japan probe made closest-ever asteroid flyby: space agency
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France, Spain assess scorched terrain as new wildfires threaten other regions
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British oil giant BP aims to sell North Sea business
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Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit
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China factory activity slides as leaders seek spending boost
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Far right and far left battle for power in polarised Berlin
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Tech rebound fuels record-breaking rally in South Korean stocks
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The last trio: S.Africa's zoo elephants await their fate
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Cables and cooling bring AI windfall to Indian suppliers
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Oil industry sees war windfall but girds for political blowback
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Anthropic's models gained unauthorized 'real-world' access during testing
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Amazon beats expectations with cloud and AI growth
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Apple tops estimates in CEO Cook's final quarter, but shares fall
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Blowout Microsoft results lift US stocks as oil retreats
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Milei demands expulsion of foreigners expressing 'hate' against Argentina
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'Beginning of the end': Relief but no party as French wildfire winds down
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Italy's Po River valley on drought alert
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Southern Europe 'becoming more flammable' in hotter climate, experts say
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Prada profits pinched as growth hard to chase
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Mammoth bones found on parched bed of Danube in Bulgaria
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Stocks climb on earnings and rates, oil retreats
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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