Goldman Sachs rises on Q4 earnings, CEO cautions on Trump tariffs and immigration plans
Goldman’s profits roughly doubled in Q4, thanks to increased revenue from deal-making, underwriting, and trading. read more
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Trump’s team studies gradual tariff increases under emergency powers
One idea involves a schedule of graduated tariffs from about 2% to 5% per month. read more
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China reported record exports ahead of Donald Trump’s return and a possible new trade war
China exports to $3.47 trillion for 2024, a 7.1% increase. Trade is a bright spot for Beijing as it struggles ...
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It’s different now: Tariffs can boost American jobs, wages and the economy, says finance professor
“In this case, the tariff (properly applied) would have the opposite effect of Smoot-Hawley.” read more
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The dollar will remain strong if the world puts ‘all its savings’ into the US. will put in the stocks of
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Trump tariffs will shrink the federal deficit, but also the economy, CBO says
CBO estimates that more tariff revenue would help reduce the federal budget deficit by $2.7 trillion from fiscal years 2025 ...
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Ivy League professor says Trump tariffs could leave America as relative winner in global economies
“No matter the merits of these policies, they can hurt other countries far more than they hurt American consumers, making ...
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Stock market loves Trump – but ‘crash protection’ is in high demand
Investors may be saving themselves if the president-elect makes big changes to tariffs and is serious about mass deportations. read ...
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US China prepares chip restrictions that prevent lack of initial proposals
The Biden administration is weighing additional restrictions on sales of semiconductor equipment and AI memory chips to China that would ...
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