Trump and Ryan clash over steel and aluminum tariffs
President Trump moves ahead with 25 percent steel and 10 percent aluminum tariffs despite House Speaker Paul Ryan urging caution. Spokeswoman AshLee Strong cites risks of a trade war while Trump links tariffs to NAFTA renegotiations and seeks better terms with Canada and Mexico.
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How Tariffs Could Hit Your Wallet and Trade War Fears
President Trump proposed 25 percent tariffs on steel and 10 percent on aluminum sparking market sell-offs as fears grow of a trade war. Critics warn higher costs pass to manufacturers raising inflation and shifting capital toward bonds. NAFTA renegotiations may adjust or exempt some nations. Associated Press contributed.
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Buffett tops S&P 500 gains again in 2017
Warren Buffett extended Berkshire Hathaway’s long run of above market performance with a 2017 gain slightly ahead of the S&P 500. Over five decades Buffett’s average annual return nears 21 percent, versus the index’s about 10 percent, driving life changing wealth for early investors. Berkshire’s future remains bright with a succession plan in place and optimism Buffett will steer the firm for years.
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