Trump, tariffs and Stock
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USA TODAY |
Oxford Economics estimated Friday – even before China's announcement – that the United States' combined tariff rate will be 24%, higher than it was in the 1930s.
BBC |
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020.
The New York Times |
“While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected,” Mr. Powell said.
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The consumer-discretionary and technology sectors took their lumps as President Trump altered U.S. trade policy.
The chart of the day What we're watching What we're reading Economic data releases and earnings Trump's tariff announcement came Wednesday like an underwater earthquake, and its tsunami put an unprepared stock market deep underwater.
Track economic shifts with key indicators like LVMH stock, gold, Bitcoin, & defense stocks. Learn how they signal market changes before news unfolds.
The first quarter of 2025 is in the books and it doesn't look pretty, with the S&P 500 posting a loss of 4.6% and suffering a peak-to-trough drawdown of 10.1% as it slumped into a correction. Every style (growth,
The Dow Jones Industrial Average plunged 1,679, or 4%, to end its worst session since the COVID pandemic hit the country in 2020. The S&P 500 plummeted 4.84% and the Nasdaq nosedived nearly 6% after Trump revealed at least 10% tariffs on all imports, and much harsher rates on dozens of countries after the markets closed on Wednesday.