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Companies that increase their dividend every single year "don't just suddenly stop growing their dividends because there are tariffs."

WASHINGTON (Reuters) -U.S. Council of Economic Advisers Chair Stephen Miran told Fox Business on Wednesday that there will be short-term bumps caused by tariffs announced by Washington, while Treasury Secretary Scott Bessent urged other countries not to retaliate. President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that has rattled global markets and bewildered U.S. allies. Some trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for products in the U.S. and in other parts of the world.

HOUSTON (Reuters) -Oil prices fell on Thursday as the decision by the OPEC+ group to speed up its unwinding of oil output cuts in May compounded already heavy losses following U.S. President Donald Trump's announcement of sweeping new tariffs. Brent futures were down $5.33, or 7.11%, at $69.62 a barrel by 1504 GMT. "Obviously, there's a lot of fear and moaning this morning," said Phil Flynn, senior analyst with Price Futures Group.

Bitlayer scales Bitcoin with a programmable layer for DeFi growth.

Trump transferred his shares in the media company to a trust run by his son in December. The president has said he has no plans to sell his stock.

The cryptocurrency market could hit its lowest point within the next two months, with a 70% chance of this happening before June, according to Aurelie Barthere.

SINGAPORE (Reuters) -Stocks dived on Thursday and investors scrambled for the safety of bonds, gold and the yen, fearing new U.S. tariffs have intensified a trade war threatening to tip the world into recession. The dollar was swept to a six-month low, falling along with U.S. bond yields after President Donald Trump imposed tariffs that raise effective import taxes to the highest levels in a century. "This is a game-changer, not only for the U.S. economy but for the global economy," said Olu Sonola, head of U.S. economic research at Fitch Ratings.

Bitcoin hit a record high of $109,000 earlier this year, but the level of sales remains far below the peaks seen in previous cycles.

Retailers are already facing a cautious consumer.

President Trump announced a 10% baseline tariff and “discount” reciprocal tariffs on Wednesday during a widely anticipated Rose Garden address.