US Edition
Stocks tumble after Trump unveils sweeping new tariffs
UNITED STATES, AUG 1 – President Trump cited national security and trade deficits to justify tariffs ranging from 10% to 50% on nearly 70 countries, impacting global markets and key export sectors, analysts said.
- Trump issued a presidential executive order raising tariffs, including a 35% duty on Canadian goods, 50% on Brazil, and 25% on India, effective in seven days for 69 trading partners.
- U.S. federal appeals court judges questioned Trump's invocation of emergency powers to impose tariffs of up to 50% on nearly all trading partners.
- Asian shares faced their worst week since April, and European stocks fell to a three-week low due to concerns over the new tariffs.
- Trump stated that Canada had 'failed to cooperate' on narcotics flows, justifying an increase in tariffs on Canadian goods from 25% to 35%.
188 Articles
188 Articles
US markets suffer worst day in nearly 3 months
The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from several U.S. trading partners.
American Markets Dip following New Trump Tariffs - Real News Now
American markets experienced a notable slump early Friday, following an executive order from President Donald Trump, which issued new tariffs affecting numerous nations. This downturn arose in an already precarious investment climate, which had been destabilized by a recently published tepid employment report. This report illustrated a decelerating pace of job procurement over the preceding months amidst the implementation of previous Trump tari…
Stocks Take a Fall After Jobs Report, Tariff Changes
The stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Trump imposed sweeping tariffs on imports from a number of US trading partners. The Dow fell 542.40 points, or 1.2%, to 43,588.58, for a...
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