US EditionVideo Trump tariffs to bring ‘dramatic’ price increases: Business professor
- President Donald Trump announced a minimum 10% tariff on all exporters to the U.S. And additional duties on around 60 nations, marking a significant escalation in trade tensions.
- Stock futures dropped by around 3% after the announcement, with markets reacting negatively.
- Wall Street firms warned that these tariffs could lead to increased inflation and hinder the Federal Reserve's ability to cut interest rates.
- Trump stated that the tariffs are part of a plan to revive industrial jobs lost overseas and help reduce the government's budget deficit.
19 Articles
19 Articles
Brown challenges Lutnick: Will Trump back down on tariffs?
Stock markets across Asia-Pacific and Europe fell Thursday and US markets tumbled after President Donald Trump announced new tariffs on trading partners around the world. Commerce Secretary Howard Lutnick says President Trump will not back down on these tariffs.
Fear grips markets as Trump tariffs raise risks to global growth
For a brief moment, it looked like Wall Street’s worst fears about President Donald Trump’s tariff plans were misplaced — and a relief rally started rippling through markets. Then, as he stood in the White House Rose Garden Wednesday soon after 4 p.m., pointing to an oversized placard with the levies he’s slapping on imports from the U.S.’s trading partners, the reality set in: He was ...
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