Analysts: Trump tariffs ‘worse than the worst case scenario’ for tech investors
- U.S. Stocks fell sharply following President Donald Trump's announcement of tariffs exceeding 10%, leading to a 3.6% drop in the S&P 500 and a loss of 1,300 points in the Dow Jones Industrial Average.
- U.S. Stocks fell sharply on Thursday due to investor concerns over President Donald Trump's new tariffs, with the S&P 500 dropping 3.6% and the Dow Jones losing over 1,300 points.
- Economists and lawmakers expressed concerns that tariffs are effectively a tax on American consumers, with Mike Pence stating, "the Trump Tariff Tax is the largest peacetime tax hike in U.S. History."
- Analyst Bonawyn Eison described the tariff situation as "worse than the worst case scenario," indicating potential severe impacts on the economy.
22 Articles
22 Articles
'Even Mike Pence knows': Internet erupts after Trump’s former VP skewers his new tariffs
Shortly after President Donald Trump issued Wednesday’s announcement of new tariffs, four Senate Republicans joined Democrats to extend a lopsided bipartisan rebuke to his trade policy. The Senate adopted a resolution by a 51 to 48 vote to block his proposed tariffs on imports from Canada, a longtime US ally. Now, former Vice President Mike Pence is further infuriating Trump supporters by calling out his new tariffs as “a tax.”Pence cited a stat…
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