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Iran Conflict and Tariffs Impact U.S. Import Volumes and Fuel Costs

Iran Conflict and Tariffs Impact U.S. Import Volumes and Fuel Costs

Iran Conflict and Tariffs Impact U.S. Import Volumes and Fuel Costs
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Trump announces 50% tariffs on nations supplying Iran with weapons

Trump announces 50% tariffs on nations supplying Iran with weapons

By David Lawder and Susan Heavey WASHINGTON, April 8 (Reuters) - U.S.
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From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

By Howard Schneider, Timothy Aeppel, Sarah McFarlane and Sumit Khanna SAN FRANCISCO/AHMEDABAD, India, April 7 (Reuters) - Kevin Kelly is in a tough spot.
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President Trump Threatens 50% Tariffs on Countries Supplying Weapons to Iran

President Trump Threatens 50% Tariffs on Countries Supplying Weapons to Iran

President Trump has announced a significant policy move, threatening to impose a 50% tariff on all goods from countries supplying military weapons to Iran. This announcement was made via a post on his Truth Social platform, emphasizing that the tariffs would be implemented immediately and without any exemptions. This decision comes in the wake of the Supreme Court's recent ruling that curtailed Trump's ability to use the International Emergency Economic Powers Act for imposing customized tariffs. Despite this setback, Trump is exploring alternative tariff authorities to enforce his new policy. The countries most directly affected by this announcement include Russia and China, both of which have been identified as suppliers of military equipment to Iran.
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European Stocks Rise Amid Uncertainty Over Iran Conflict Deadline

European Stocks Rise Amid Uncertainty Over Iran Conflict Deadline

European stocks are set to open higher as investors brace for President Trump's deadline for Iran to reopen the Strait of Hormuz. The deadline, set for later in the day, has created uncertainty in the markets, with mixed signals from the U.S. administration regarding a potential resolution to the conflict. President Trump has threatened significant military action if Iran does not comply, while also suggesting that negotiations are ongoing. This situation has led to volatility in global markets, with European indices showing marginal gains as they return from a holiday break.
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Southwest Airlines, once known for its free bags perk, hikes fees amid higher jet fuel costs

Southwest Airlines, once known for its free bags perk, hikes fees amid higher jet fuel costs

Southwest Airlines said Wednesday it is raising its checked baggage fees by $10 less than a year after ending its famous “bags fly free” policy
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Analysis-As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz

Analysis-As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz

By Samia Nakhoul DUBAI, April 8 (Reuters) - Nearly six weeks of war in Iran have ended, for now, with President Donald Trump claiming victory, but the U.S.-Iran ceasefire locks in a harsh reality: an entrenched, radical government with control over the Strait of Hormuz and a powerful lever over
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Trump will pursue stability with China's Xi in May meeting, USTR Greer says

Trump will pursue stability with China's Xi in May meeting, USTR Greer says

By David Lawder and Doina Chiacu WASHINGTON, April 7 (Reuters) - The U.S. economic and trade relationship with China is stable and President Donald Trump will aim to keep it that way in a meeting next month with Chinese President Xi Jinping, U.S. Trade Representative Jamieson Greer said on Tuesday.
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Indiana suspends gas tax for 30 days amid rising prices

Indiana suspends gas tax for 30 days amid rising prices

By Jasper Ward April 8 (Reuters) - Indiana on Wednesday became the second U.S. state to suspend its gas tax amid the ongoing U.S.-Israeli conflict with Iran. 
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Pew Research: Gas Prices Top Concern for Americans Amid Iran Conflict

Pew Research: Gas Prices Top Concern for Americans Amid Iran Conflict

A Pew Research Center survey reveals that higher gas prices are the primary concern for Americans amid the ongoing U.S. military campaign against Iran. The survey, conducted among 3,507 U.S. adults, highlights concerns about sending ground troops, military casualties, and potential terrorist attacks. Americans are divided on whether U.S. military action will affect Iran's nuclear weapon development, with differing views based on age and political affiliation. Confidence in President Trump's ability to make sound foreign policy decisions has declined, with significant differences between Republicans and Democrats.
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Airstrike hits building near Iran's capital as Trump makes threat over strait closure

Airstrike hits building near Iran's capital as Trump makes threat over strait closure

Iranian media say an airstrike early Monday struck a residential building in a city southwest of Iran’s capital, Tehran, killing at least 13 people
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US service sector cools in March; price paid measure highest in 3-1/2 years

US service sector cools in March; price paid measure highest in 3-1/2 years

WASHINGTON, April 6 (Reuters) - U.S. services sector growth slowed in March, while prices paid by businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation pressures.