Tariffs: 'Non panic approach is crucial'

Tariffs: 'Non panic approach is crucial'

US President Donald Trump called 2 April 'Liberation Day', others refer to it as 'Tax Day' and for Manfred Weber, President of the EPP the largest party in the European Parliament, he described it as 'Resentment Day', writes Gail Conway.

The tariff war is already a reality. The detailed announcement of what tariffs the United States will apply to each of the countries from which it matters—between 10% and 49%—has caused an earthquake in the financial markets, fearful that the measure will impact on the growth of the world economy and cause an upturn in inflation. Car manufacturers have suffered especially. Tesla, controlled by Elon Musk, President Donald Trump’s main advisor aft…

U.S. President Donald Trump has intensified his rhetoric amid the escalation of global trade tensions following the implementation of his tariff measures in the so-called "Liberation Day." Read more]]>

Elon Musk Loses $11 Billion In a Single Day and Tesla Shares Plummet Following Trump’s ‘Liberation Day’ Tariffs

Elon Musk lost $11 billion in a single day after Donald Trump’s new tariffs took effect, according to Bloomberg. Musk, the CEO of Tesla and a close ally of Trump, was one of several U.S. billionaires whose wealth took a significant hit. Musk, who also heads the president’s controversial Department of Government Efficiency (DOGE), has seen a staggering decline in his fortune this year. The U.S. stock market took a sharp downturn on Thursday, the …

Liberation Day and Trump tariffs are not the end of trade. It's only the beginning

Our economists say the invisible hand will take care of us. But they ignore what is right in front of them. Manufacturing remains the most productive sector of the American economy.

Liberation Day Fallout: $3.25 Trillion Lost in Stocks—Crypto Adds $5.4 Billion - Bitcoinsensus

Trump’s tariff program has triggered a historic selloff, with $3.25 trillion wiped from U.S. stocks, pushing major indices into correction territory Tech giants, retail, and financial stocks suffered massive losses, while Tesla plunged 10.42%, deepening its nearly 40% year-to-date decline The crypto market added $5.4 billion, with Bitcoin and altcoins showing resilience, but whether digital assets hold firm in a predicted 2025 U.S. recession rem…