U.S. stocks take a historic plunge after Trump's tariffs shock global trade
The Russell 2000 Index closed down 6.6% on Thursday. It has lost more than 20% since it peaked in November. The rout is a harsh early verdict on Trump's historic tariff plan. The 25% tariffs on auto imports also took effect overnight. The S&P 500 and the Nasdaq recorded their worst quarter in years.
Americans are worried about their personal finances, unemployment and inflation. President Trump's policies on tariffs and government job cuts are partly to blame. Consumer sentiment fell in March for the third month in a row. Consumer spending is the biggest driver of the U.S. economy.
Boost to U.S. manufacturing or slide into recession? Deep division on where Trump tariffs will lead
President Donald Trump announced new tariffs on nearly all U.S. trading partners, including a 34% tax on imports from China and 20% on the European Union. Trump declared a national economic emergency to levy the tariffs. He promised that factory jobs will return to the United States as a result of the taxes, but his policies risk a sudden economic …
Alexa is monitoring Donald Trump's economy every month to see if it's doing as well as he promised. In February, the unemployment rate rose to 4.1%, inflation eased to 2.8%, Dow Jones fell by 1%, and Trump's approval rating was 47%.
Tariffs threaten to upend markets American farmers depend on
U.S. row crop farmers produce a lot of food and depend on selling it overseas. They spend billions on equipment, seed and fertilizer. Trump's new tariffs put a 46% tax on all goods coming from Vietnam and a 17% levy on products from the Philippines. About 20% of farm income comes from exports. American Farm Bureau Federation President Zippy Duvall: …
President Trump announced a new round of tariffs on Wednesday. U.S. farmers are worried about the impact of the new tariffs on their exports. They export about 60% of the beans they grow and can't afford a trade war. In his first term, Trump imposed tariffs on China that provoked Beijing to impose retaliatory duties on soybeans corn, wheat and …
That means Trump's customs hammer for the world: jobs, prices, oversupply
Donald Trump introduced new tariffs on Wednesday evening. The new commercial barriers of the USA meet the whole world and their own economy with you. Certain products from Europe, China or Korea are unsalable in the United States. The prices rise to dizzying heights due to the tariffs. There are now also jobs on the brink in Germany.
President Trump announced new tariffs on Wednesday. The base line tariff of 10 percent will apply to nearly all U.S. imports except Canada and Mexico. The reciprocal tariff applies to 57 countries that Mr. Trump says have high tariffs and other unfair economic practices that have hurt American exporters. The tariffs will go into effect on Saturday and the reciprocal …