Trump seeks even more aggressive tariffs to fundamentally transform the US economy and eyes a single universal duty, report says

[ad_1] As part of an effort to fundamentally transform the US economy, President Donald Trump has been pushing his staff to get even more aggressive on tariffs, sources told the Washington Post. That could include a universal tariff that hits most imports, no matter which country they are from, the report said, adding that Trump…

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Some US oil executives see disaster in Trump’s agenda while dismissing ‘drill, baby, drill’ as a ‘myth and populist rallying cry’

[ad_1] In anonymous comments collected by the Dallas Fed, some US oil and gas executives didn’t pull their punches as they criticized key policies of President Donald Trump. Most respondents decried the uncertainty and higher costs from his tariffs, while others said plans to sharply lower crude prices are incompatible with a major expansion in…

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32% target price slash! Goldman flags big risks for TCS, Infosys & other IT stocks amid US worries

[ad_1] Goldman Sachs has reduced price targets on information technology (IT) stocks by 3% to 32% citing lower revenue growth forecasts driven by macroeconomic uncertainty in the US. The brokerage said the US accounts for around 60% of India’s IT revenues and the downgrade in GDP forecasts for the world’s largest economy, increased possibility of…

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