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Economy 1 year ago
PREMIUM
US tariffs unleash ‘perfect storm’ on 2025 state budget
Fiscal discipline is the key to riding out the "perfect storm" swirling around the state budget due to weakening exports amid a global trade war and planned tariff concessions to appease Washington, according to economists who also cautioned about the government's readiness in strategizing for a worst-case scenario.
Economy 1 year ago
China to 'fight to the end' as countries plot responses in Trump tariff war
Beijing's rebuke came after Trump threatened to ratchet up tariffs on US imports from the world's No. 2 economy to more than 100 percent on Wednesday in response to China's decision to match the "reciprocal" duties Trump announced last week.
