US EditionStocks tumble after Trump unveils sweeping new tariffs
UNITED STATES, AUG 1 – President Trump imposed tariffs ranging from 10% to 50% on nearly 70 countries to address trade deficits and enforce reciprocal rates, affecting hundreds of billions in trade, officials 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%.
198 Articles
198 Articles
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…
Deadline Day Is Here And The BRICS Countries Are Not Cooperating – So How Will The “Wall Of Tariffs” Impact The U.S. Economy? » Sons of Liberty Media
It was nice while it lasted. Nations all over the globe had until August 1st to agree to a trade deal with the Trump administration. Some of them made deals, but most of them did not. Those that did not will now be hit by a “wall of tariffs”, with individual rates being determined at …
Global markets reel from Trump's sweeping tariff hike
Read: 3 min Global markets reeled Friday from President Donald Trump’s tariffs barrage against nearly all U.S. trading partners as governments looked down the barrel of a seven day deadline before the higher duties take effect. Trump announced late Thursday that dozens of economies, including the European Union, will face new tariff rates of between 10 and 41 per cent. However, implementation will be on Aug. 7 rather than Friday as previously an…
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.
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