Trump, stock market and tariff
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USA TODAY |
On Friday, the Dow Jones closed nearly 8% down, the S&P closed over 9% down and the NASDAQ closed 10% down.
The Economist |
Donald Trump has positioned himself as the sole gatekeeper of trade with America.
Reuters |
Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward.
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20hon MSN
Wall Street's top minds aren't happy about Trump's latest tariffs, which have fueled the worst stock sell-off since 2020.
1don MSN
In a Truth Social post Friday, President Donald Trump shared a video that includes a fake quote attributed to Warren Buffet.
US stocks rally on Tuesday amid hopes some countries may reach tariff deals and avoid a trade war. Data show steady buyers since last week's plunge.
Follow here for live updates and news on fallout in the financial markets from President Donald Trump's announcement last week on tariffs for all countries.
Investors have panned President Trump's tariffs, saying they are likely to hit U.S. economic growth and drive up inflation. Goldman Sachs economists cited the barrage of levies on Monday in raising the odds of a recession to 45%.
4don MSN
ToplineThe U.S. stock market is in a freefall after President Donald Trump announced his all encompassing tariffs earlier this week, and Trump is trying to crash the stock market on purpose—at least according to a video he reposted to social media Friday riddled with inaccuracies.
As a whole, Magnificent Seven stocks were on pace to drop more than $800 billion in market cap. That reflects how tech stocks have led the broader market amid Thursday's steep sell-off.The Magnificent Seven stocks collectively lost more than $800 billion in Thursday trading,
Coming into Tuesday trading, the shares had lost 17.5% over the past three trading sessions, which followed President Donald Trump’s “Liberation Day.”