Markets react to Trump's 'Liberation Day' tariffs
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The Wall Street Journal |
Worries about tariffs and the economy sent the S&P 500 and Nasdaq Composite on Monday to their worst quarters since 2022.
CNN |
President Donald Trump declared a US economic emergency and announced tariffs of at least 10% across all countries, with rates even higher for 60 countries or trading blocs that have a high trade defi...
Reuters |
"In many cases, the friend is worse than the foe in terms of trade," Trump said.
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Here are some notable moves across sectors in global markets, following President Trump’s “Liberation Day” tariffs. 🍾 Alcoholic drinks Some investors turned to drink: Scotch producer Diageo and Aperol maker Campari were among the few risers in Europe.
Wall Street futures plunged Thursday morning after President Donald Trump unveiled a historic batch of reciprocal tariffs that could fuel an all-out trade war and batter economies around the world. Futures tied to the Dow Jones Industrial Average lost 1,214 points, or 2.86%, by about 9 a.m. ET.
PRESIDENT Donald Trump has insisted his sweeping global tariffs are going well and will lead to a $7 trillion cash windfall despite stock market woes and outraged allies. He hit back at fuming
Trump increased the blanket tariff on Chinese imports to 54 percent and imposed new duties on major trading partners including Japan, South Korea and Taiwan.