President Donald Trump unveiled sweeping reciprocal tariffs on what he deemed “Liberation Day” earlier this week. The tariffs and threat of a global trade war sent Wall Street spiraling, and some are saying it’s Smoot-Hawley all over again.
President Donald Trump’s slew of “Liberation Day” tariffs announced Wednesday has investors worrying his protectionist politics could plunge the United States, and the world, into a recession. The stock market plunged on Thursday,
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Plans to lower egg prices could be disrupted by tariffs. The Trump administration in March said it would import eggs from other countries to offset price increases in the U.S. Tariffs, though, could result in higher prices,
Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.
All U.S. imports face a baseline 10% tariff, effective Saturday. + Higher rates will apply to partners judged "bad actors" on trade. For example, Japan faces a 24% duty and the European Union faces a 20% levy,
U.S. stocks continued their plunge in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump's "Liberation Day" levies. The Dow Jones Industrial Average plummeted 1,
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U.S. stocks opened down Friday morning after China announced retaliatory tariffs overnight, continuing a tumble beginning after Wednesday's announcement. JP Morgan now calculates a 60% chance for a recession this year.
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.