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William Reinsch of the Center for Strategic and International Studies contrasted the current trade war with Trump's first in 2018-2019, which economist say will be much more costly. [ 43 ] According to an Associated Press article, if Trump substitutes tariff revenue for income taxes, tariffs would remain in place inspite of demands being met.
Business and economy. German economic crisis. The Handelsblatt Research Institute reports that the German economy is in its "greatest crisis in post-war history" after projecting that the economy will enter its third year of recession in 2025 with a 0.1% contraction, following a 0.3% contraction in both 2023 and 2024. Disasters and accidents
Business and economy 2025 United States tariffs against the European Union United States President Donald Trump announces impending 25% tariffs on the European Union , which he states will be generally applied to sectors such as the automotive industry .
2025 Chile blackout. A nationwide power outage occurs in Chile, impacting most of the country's population and causing the temporary stoppage of several significant industries. 2025 Queensland floods. At least twelve people are killed by a melioidosis outbreak caused by standing waters from persistent flooding in Queensland, Australia.
Economic data releases raised concerns about a rebound in inflation. The Dow Jones has lost 1,200 points over the past two days. US stocks sold off on Friday in their worst day of 2025, just two ...
Yet based on Trump's stated economic plans, Yun said he thinks the average 30-year fixed mortgage rate will bounce around between 6% and 7% for the next year, and could stick around 6.5% for much ...
Business and economy A global technology stocks selloff on the Nasdaq Stock Market , prompted by the release of the Chinese DeepSeek -R1 model, leads to record losses in the market capitalizations of AI and computer hardware companies .
January 2, 2025 at 2:41 PM. By Stephen Culp. NEW YORK (Reuters) -Wall Street see-sawed amid choppy trading on Thursday, reversing earlier gains as investors embarked on the new year facing the ...