Cruise and Shipping Stocks Rebound as Trump Reverses Course on Tariffs
- President Trump suspended most "reciprocal" tariffs, except those on China.
- Trump's administration initially imposed tariffs that worried economists and strategists.
- U.S. And Asian markets surged, recovering losses after the White House delay announcement.
- Carnival Cruise Line's stock rose over 17 percent; Royal Caribbean jumped 16 percent.
- Transocean rose 10 percent, partially offsetting a 35 percent drop from the prior week.
8 Articles
8 Articles
Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
WASHINGTON — President Donald Trump on Wednesday abruptly reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession. Just hours after he put punishing levies into place on…
In Hilarious Move, Trump Reverses Key Policy - CleanTechnica
Donald Trump has been talking about the US putting tariffs on allies for decades, since at least the 1980s. He’s been obsessed with this topic in recent years, but it’s been a top political target for him for about half of his life. He jacked up tariffs on some countries ... [continued] The post In Hilarious Move, Trump Reverses Key Policy appeared first on CleanTechnica.
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