US Edition
Walmart, Best Buy, and other retail giants plummet as Trump tariffs bite
- President Donald Trump declared 'Liberation Day' and announced a 10% baseline tariff on all imports, with China facing 34% tariffs and the European Union facing 20% tariffs.
- The Dow dropped more than 1,500 points, and the S&P 500 fell nearly 200 points following the announcement, according to USA Today.
- German Economy Minister Robert Habeck criticized the tariffs, stating they would harm both European and American economies and lead to inflation.
- Habeck emphasized the EU's preference for negotiations but warned of a determined response if the US does not reconsider its approach.
10 Articles
10 Articles
‘Liberation Day’ Tariffs Test a Fragile Feelgood Factor in M&A
Hi, it’s Fareed Sahloul in New York, where dealmakers—like the rest of the world—are busy digesting “Liberation Day.” Elsewhere, Siemens strikes one of its biggest ever deals and Wall Street tempers its IPO expectations.
On April 2, US President Donald Trump imposed trade duties on 180 states and territories. Those who do not have a trade surplus with the United States (that is, they buy more on the US market than they sell) are subject to duties equal to 10% of the customs value of the goods. Those countries that have a trade surplus with the US received duties of more than 10% — up to 50%, like the small African kingdom of Lesotho. North Korea, Cuba, Belarus a…
US President Donald Trump called a "Day of Liberation" the moment when the world overlaid with tariffs. The question is: Liberation for whom? What consequences the tariffs could have for German companies: a first inventory.
Walmart, Best Buy, and other retail giants plummet as Trump tariffs bite
Walmart, Best Buy, and other major retailers are already feeling the impact of President Donald Trump’s “Liberation Day” tariffs, which are set to take effect April 9. The initial 10% tariff will kick in this Saturday, April 5.Read more...
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- 43% of the sources lean Left, 43% of the sources lean Right
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