Dow plummets over 600 points as Trump tariff fears, UnitedHealth roil markets
Investors squeezed progress in trade negotiations with Japan over concerns about the monetary policy outlook, and stock indexes mixed in Thursday’s incredible trading as United Health stocks weighed on the Dow. The Dow Jones industrial average fell below 527 points (1.3%) to 39,142.23. The S&P 500 rose 0.1%, while the Nasdaq fell 0.1%. The Dow […]
GOP Cracking, Dems Close to Taking Tariff Authority Back from Trump
Sen. Elizabeth Warren (D-MA) on MSNBC’s “Morning Joe” on Thursday claimed there was a “crack in the wall” in Republican lawmakers’ support for President Donald Trump’s tariffs. “Donald Trump said, ‘Yeah, it’s going to be a 57% tariff, it’s going to be a 10% tariff, it’s going to be a 145% tariff,” Warren said. Markets […]
Ohio's public pension systems down $4 billion amid Trump tariff war – The Columbus Dispatch
Ohio’s five public pension systems have lost around $4 billion since January 1st, as President Trump’s trade war has destabilized the stock market. Trump’s tariffs no longer spare some electronic devices, including smartphones President Trump exempts smartphones, computers and other electronic imports from mutual tariffs. The five Ohio public pension funds have collectively lost about […]
Trump confident he'll make tariff deal with EU, China amid Meloni visit
President Trump predicted on Thursday that his administration would sign a contract for trade with China and the European Union amid the tariff dispute. Trump hosted Italian Prime Minister Giorgia Meloni at the White House. The administration said it was planned before the president imposed blanket tariffs on imports. But trade was at the forefront […]
Italy’s Meloni Bound for White House and Tariff Talks with Trump
Italian Prime Minister Giorgia Meloni is scheduled to meet President Donald Trump in Washington on Thursday. She is expected to bring a personal appeal for the low punitive tariffs on European Union trade with the world’s largest economy. Meloni is the first transatlantic leader to sit with Trump since announcing a 20% tariff on European […]
Trump Brags About ‘Fruitful’ Talks with Mexico and Japan During Tariff Clash
President Trump stated that he had a “constructive” discussion with Mexico and Japan as he seeks to finalize agreements regarding his trade strategy. “I had a very constructive call yesterday with the President of Mexico.” Trump mentioned Thursday in a Truth Social post. “I also engaged with top Japanese trade representatives. It was a very […]
Gallego Grills Lutnick on Bold 21% Tariff Proposal for Mexican Tomatoes!
Senator Reuben Gallego (D-Ariz.) has raised alarms regarding the Trump administration’s plan to impose a nearly 21% tariff on the majority of Mexican tomatoes entering the country by retracting from the 2019 trade agreement, cautioning that this will lead to higher prices at supermarkets and reduced choices. Gallego asserted that the 2019 tomato suspension agreement […]
Fed Chair Powell sinks stocks on tariff comments
“Claman Countdown” panelists Alan Nachman and Gregory Sallian will deploy market volatility during customs duties. Investors have stepped up sales of U.S. stocks after Federal Reserve Chairman Jerome Powell said policymakers would stand up to some move, and then they would stand up to some move, mainly because President Donald Trump’s tariffs are greater than […]
Bank of Canada holds key interest rate at 2.75% despite weakening inflation, as tariff war threatens global economy – Yahoo Home
On the uncertainty of the Canadian trade war: “Dramatic protectionist shifts in US trade policy and chaotic offerings have led to increased uncertainty, shaking financial markets, lowering global growth prospects, and increasing expectations of inflation. The path to US trade policy is highly unpredictable. “We still don’t know if tariffs will be imposed, if they […]
Tesla suspends importing Cybercab, Semi parts from China amid Trump tariff war: report
Elon Musk’s Tesla reportedly has stopped importing auto parts from China needed for future cybercabs and semi-electric trucks due to the trade war with Beijing. The EV Pioneer had planned to import components from China to support the production of two new vehicles, but once the tariffs exceeded 34%, the plan became unacceptable. Reuters reportedcite […]