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S&P says effects of Trump's tariff plans 'overwhelmingly negative'.
By Brett Rowland | The Center Square
(The Center Square) – A credit-rating agency reported Thursday that President Donald Trump's proposed tariffs could slow economic growth, increase inflation and push up unemployment.
The S&P Global Ratings economics team, in its first high level estimates, found the potential effects of the tariffs were "overwhelmingly negative," according to the report.
S&P analysts said the tariffs could slow gross domestic product growth, boost unemployment and inflation. It noted that "the effects on the U.S. are smaller than for trading partners." Gross domestic product, or GDP, is a measure of economic output.
Trump proposed a 25% tariff on goods imported from Canada and Mexico, and an additional 10% tariff on goods imported from China. Last-minute negotiations ended with a one-month reprieve for both Mexico and Canada.
S&P noted the uncertainty around Trump's tariff plans creates problems for businesses and U.S. families.
"Uncertainty around the path of U.S. policy and its objectives is high, and confidence bands around our forecasts are correspondingly wide," according to the S&P report. "Moreover, the ongoing deal-making mode of the new administration risks complicating long-term decision making by both firms and households."
On Tuesday, Trump paused his plans for 25% tariffs on goods from Mexico and Canada while starting talks with China on a 10% additional tariff over fentanyl smuggling.
On Saturday, Trump ended decades of duty-free trade between the U.S., Mexico, and Canada with a 25% tariff on imported goods from the two countries, with a lower 10% tariff on Canadian energy resources. Trump initially said he'd keep the tariffs in place until the illegal fentanyl trade subsided. He also added a 10% tariff on imports from China over that country's role in producing the chemicals needed to make fentanyl, a powerful opioid blamed for the majority of U.S. overdose deaths.
Two days after imposing tariffs on U.S. neighbors, Trump relented after reaching temporary deals with Mexico and Canada. Mexican President Claudia Sheinbaum said Mexico will immediately reinforce the border with 10,000 members of the National Guard in a move to stop drug trafficking. Drug trafficking that has been a problem for both the U.S. and Mexico for decades. Canadian Prime Minister Justin Trudeau also promised to reinforce the northern U.S. border in exchange for a pause on tariffs.
China hit back earlier this week with limited tariffs on U.S. imports. The Customs Tariff Commission of the State Council of China put additional tariffs on some U.S. imports while filing a complaint with the World Trade Organization.
A credit-rating agency reported Thursday that President Donald Trump's proposed tariffs could slow economic growth, increase inflation and push up unemployment.
After understanding your opinion, your comment seem to be reasonable but was put with bad presentation, imo.
I think being cautious might be a good point here. We are very early here and we will definitely see a better benchmarks for this model as the time pass. Which will prove or disapprove their benchmarks.
The title is "how a small Chinese AI company is shaking up US tech heavyweights."
I am not saying that this criticism is not valid, what I was arguing for here is that the best USA LLM is also censored in comparsion, so the fact that we got something opensource that we can uncensor is better than ChatGPT closed and censored model.
As far as I know, the only used LLM family that is uncensored and can function locally is Mistral AI models.
To put it simply, DeepSeek could be decensored. But it will take time to do so.
Obviously I am hyped about DeepSeek. With that in mind:
fake benchmarks
Any proof for this?
censored llm
Is ChatGPT uncensored?
I know, I mean what does this has to do with their use of AI.
What does this has to do with the article here?
My English communication skills sucks also. 😅
Hopefully, both of us improve. 😄