Global Times: Tariffs on ‘Liberation Day’ unlikely to rescue American economy
The series of tariff measures announced by the US on April 2 continue to stir economic turbulence. US President Donald Trump hailed this day as "Liberation Day." However, with the rollout of tariffs exceeding expectations, international opinions have branded it as "Isolation Day," "Inflation Day," or "Recession Day." Washington hopes to rebalance trade and bolster American manufacturing through "reciprocal tariffs."
Pascal Lamy, former director-general of the World Trade Organization (WTO), warned that the US administration's tariff policies are built on "completely mistaken" diagnosis of its domestic economy, which will backfire by fueling US inflation and pushing its interest rates higher.
Kes curi kabel: Polis Melaka buru "Kecik"
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Seremban Sentral dibangunkan dengan nilai pembangunan kasar RM2 bilion
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Malaysia mahu hubungan dengan seluruh benua terus harmoni - PM
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SOUEAST Establishes Saudi Subsidiary, Saudi Arabia ´s Largest Automotive Spare Parts Center
US Treasury Secretary Scott Bessent's skepticism and bearish stance on the Chinese economy have encountered a rather ironic twist of fate. China's GDP grew at a robust 5.4 percent in the first quarter, in sharp contrast with the US, where GDP decreased at an annual rate of 0.3 percent in the same period, the first decline since the first quarter of 2022. This juxtaposition not only challenges the narrative of China's economic fragility in the face of US tariffs but also raises questions about the endurance of the US economy amid the chaos sparked by tariffs.
‘High tariffs need to stop’: US consumers hurt by hefty duties on ‘Made in China’ products
As the US imposed hefty tariffs on China, American consumers who rely on “Made in China” products have felt the adverse effect of the tariffs – some have dragged empty suitcases across the Pacific Ocean to go on shopping sprees in China; others have found that certain daily products in the US have become “luxury” items they cannot afford.
Mekanik maut motosikal ditunggang langgar belakang lori
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Manchester United kini fokus Liga Europa
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