US allies criticize Trump\u2019s plans as harmful for all parties. Plus, the Forbes \u201830 Under 30\u2019 curse<\/p>\n
Good morning.<\/p>\n
Donald Trump has said he will announce new 25% tariffs on all steel and aluminum imports<\/a> into the US on Monday that would affect \u201ceverybody\u201d, including its largest trading partners, Canada and Mexico, in another major escalation of his trade policy overhaul.<\/p>\n How have US allies reacted?<\/strong> Emmanuel <\/strong>Macron, the president of France, said tariffs would harm European economies but also the US, given the level of economic ties. \u201cIt means if you put tariffs on a lot of sectors, it will increase the costs and create inflation in the US. Is it what your people want? I\u2019m not so sure,\u201d Macron said.<\/p>\n How are markets reacting?<\/strong> Gold hit an all-time high of $2,900 per ounce, as trade war fears spark a dash for safe assets. Major US indexes \u2013 the Dow Jones, S&P 500 and Nasdaq \u2013 had modest gains in pre-market trading.<\/p>\n What else did Unicef say?<\/strong> Spokesperson Tess Ingram said children in particular have been traumatised by Israel\u2019s war on the territory, which has left many communities without adequate healthcare, sanitation, shelter and water. About 700,000 northern Gaza residents fled to southern areas at the start of the war in October 2023, when the Israeli military issued mass evacuation orders.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" US allies criticize Trump\u2019s plans as harmful for all parties. Plus, the Forbes \u201830 Under 30\u2019 curse Good morning. Donald Trump has said he will announce new 25% tariffs on all steel and aluminum imports into the US on Monday that would affect \u201ceverybody\u201d, including its largest trading partners, Canada and Mexico, in another major … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32947","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/32947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=32947"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/32947\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=32947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=32947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=32947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}