Global Trade Confusion Returns as Trump Overhauls Tariff Toolkit [Yahoo! Finance Canada]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance Canada
The Trump administration swiftly announced plans to replace the prior tariffs with a new, across-the-board 15% levy on US imports. While that creates temporary winners such as China and losers including the UK, it leaves the overall weighted tariff rate only marginally lower for the American businesses and consumers actually footing the bill. The dollar and US stock futures slid in Asia on Monday as the renewed uncertainty damped sentiment. But moves were modest when compared with the dramatic swings seen last April when Trump's unilateral tariffs were first announced, setting off months of deal making. Now, whether a new status quo settles quickly will largely depend on what America's trading partners do after administration officials called on them to honor prior trade pledges. Any walk-back from prior agreements, especially given recent European pushback over Trump's bid to gain control over Greenland, risks sparking a fresh round of brinkmanship and disruption for a world e
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- ING's page on the SEC website