Washington, Wall Street and global leaders have spent two days fretting whether President Donald Trump is open to compromise on his new tariffs or whether they are as final as the White House has been making them out to be. Trump ended some of the mystery on Friday: He’s ready to talk, though maybe not quite ready to cut deals.
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Talks with Americans helped Canada avoid extra Trump tariffs: Saskatchewan premierSaskatchewan Premier Scott Moe says he remains concerned with U.S. tariffs on Canadian products but thinks talking with American officials helped Canada avoid a worse outcome. "Where we found ourselves on Liberation Day was not the best position,
U.S. stocks tumbled in early trading on Tuesday, just a day before President Donald Trump's expected announcement of sweeping new tariffs. The Dow Jones Industrial Average fell 250 points, or 0.6%, while the S &P 500 declined 0.45%. The tech-heavy Nasdaq ticked down 0.3%.
Sen. Rand Paul, a Kentucky Republican who holds libertarian economic views, has been highly critical of the tariffs, warning they create the same economic problems that exacerbated the Great Depression. He is calling for Congress to reject Trump’s plans with legislation that would require congressional approval for taxes on imports.
Residents of South Jersey and the rest of the U.S. may soon pay more for coffee, clothing and more under new tariffs announced this week by Trump.
As President Trump pushes his massive global tariffs into effect, America’s former trading partners are designing their own, retaliatory tariffs, that are sure to have a walloping effect on Americans’ pocketbooks.
Small business owners are weighing in on the tariffs President Donald Trump unveiled against virtually all U.S. trading partners on Wednesday afternoon.
Stock market indices have sharply fallen on the heels of President Trump imposing higher tariffs on more than 180 countries.
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.