Day: March 31, 2025

As Trump reciprocal tariffs near, economists say VATs aren’t trade barrier

A container ship at the Port of Hamburg in Hamburg, Germany. Maria Feck/Bloomberg via Getty Images President Donald Trump is planning to unveil reciprocal tariffs on Wednesday to retaliate against trade practices his administration deems unfair or discriminatory. Among the grievances is the “value-added tax,” or VAT, which Trump called “far more punitive” than tariffs […]

Bitcoin’s ‘digital gold’ claim challenged as traders move into bonds and gold hits new highs

April 2 is shaping up to be a pivotal moment in global trade policy. US President Donald Trump has dubbed it “Liberation Day,” in reference to when new tariffs—exceeding 20%—will hit imports from over 25 countries. According to The Wall Street Journal, the administration is also weighing “broader and higher tariffs” beyond this initial wave, […]

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