Trump, Wall Street and tariffs
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Ongoing US-China trade tensions and volatile policy shifts have left investors caught between betting on tariff deescalations and bracing for increased uncertainty.
The Dow gained more than 700 points after the U.S. and the EU made progress on trade talks.
White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.
Stocks fell Friday after President Donald Trump said China has “totally violated” its trade agreement with the United States, sending another jolt to markets after a whiplash week of tariff developments.
While in Pittsburgh, President Donald Trump revealed a tariff increase on steel from 25% to 50% while discussing a deal with Nippon Steel.
Wall Street on Friday was on track to post a strong monthly advance, though it was set for a mixed finish on the final day of May after U.S. President Donald Trump said China had "totally violated" a trade truce.
Rupert Murdoch-owned The Wall Street Journal ridiculed President Donald Trump after judges slammed the brakes on his sweeping trade war. The Journal, which Trump called a “rotten” newspaper in an unhinged attack aboard Air Force One this month,
President Donald Trump’s pauses and reversal on tariffs are sending markets on a roller-coaster ride. Consumers and companies would like to have the benefit of knowing where they stand in