US EditionPublished • loading... • Updated
Trump’s trade war wallops stock market
- The stock market dropped significantly this week after Trump's tariffs took effect, causing the Dow to fall by nearly 700 points for the day and totaling a loss of 1200 points over two days, as reported by multiple sources.
- Howard Lutnick, Trump's Commerce Secretary, hinted at a possible compromise amid escalating tensions from the tariffs on Canada, Mexico, and China during an interview with Fox Business Channel.
- Erin Burnett, a CNN anchor, criticized Trump for causing market instability, stating that the trade war was 'tanking markets' and noted the fast backlash from the White House, which is fielding calls from worried Republicans.
- The current economic situation has been referred to as the 'Trump Slump' by economists, indicating a downturn beginning shortly after Trump took office.
Insights by Ground AI
Podcasts & Opinions
20 Articles
20 Articles
Trump bases his success on the stock market. He’s been awfully quiet about it lately
In the waning days of 2024, as the world braced for the start of the second Trump presidency, there was a theory making the rounds that went like this: Sure, economists said his agenda could spell disaster but there’s at least one institution that would be able rein in Trump’s worst instincts — Wall Street!
·Atlanta, United States
Read Full Article
Stock Market Extends Losses; Amid Stock Carnage, Be Patient And Wait For New Buys
It was another volatile session for the stock market Tuesday as tariffs on China, Mexico and Canada fueled fears of stagflation. The post Stock Market Extends Losses; Amid Stock Carnage, Be Patient And Wait For New Buys appeared first on Investor's Business Daily.
Coverage Details
Total News Sources20
Leaning Left8Leaning Right2Center4Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
Factuality
To view factuality data please Upgrade to Premium
