Global growth is slowing as U.S. tariff policy reduces trade and heightens geopolitical uncertainty, which ultimately will lead to decelerating growth in insurance premiums, according to Swiss Re. Global GDP growth (adjusted for inflation) is expected to slow to 2.3% […]
Tag: tariffs
U.S. Tariffs Projected to Slow Global Economy and Insurance Premium Growth: Swiss Re
Global growth is slowing as U.S. tariff policy reduces trade and heightens geopolitical uncertainty, which ultimately will lead to decelerating growth in insurance premiums, according to Swiss Re. Global GDP growth (adjusted for inflation) is expected to slow to 2.3 […]
Trump Reveals New Batch of Tariffs From Iraq to Philippines
President Donald Trump unveiled a new round of tariff demand letters on Wednesday with levies set to hit in August on imported goods from partners who fail to reach agreements with the US. Trump said he would levy a 30% […]
Trump to Levy 25% Tariffs on Japan, South Korea in August
President Donald Trump said he’ll impose tariffs of 25% on goods from Japan and South Korea beginning Aug. 1, giving the two export powers a narrow three-week window to open their markets to American products and manufacture more in the […]
Auto-Parts Supplier Marelli Files Bankruptcy, Blames Tariffs
Marelli Holdings Co., the long struggling auto-parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is backed by senior lenders, who […]
Trump Tariffs May Remain in Effect While Appeals Proceed, U.S. Appeals Court Rules
A federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower-court decision blocking them on grounds that he had exceeded his authority by imposing them. The decision by the […]
Impact of tariffs on home insurance
What are tariffs, and how do they affect costs? Tariffs are a tax on imported goods that the importer pays to the U.S. Customs Department. The tax is a percentage of the cost of the good and is used to […]