What's the impact of a tumultuous stock market on New Mexico's investments?
- Global stock markets plunged on Monday after Trump announced new tariffs last week.
- Trump's announcement of higher import taxes caused fears of a global economic slowdown.
- Asian and European shares dropped dramatically, while oil prices also experienced losses.
- Trump defended the tariffs, stating, 'sometimes you have to take medicine to fix something,' blaming past leaders.
- Despite market turmoil, Trump showed no interest in changing course, promising not to back down from tariffs.
39 Articles
39 Articles
What's the impact of a tumultuous stock market on New Mexico's investments?
ALBUQUERQUE, N.M. (KRQE) – The stock markets are reeling after President Donald Trump's new tariffs on nearly all of the country's trading partners. The move is spurring threats of a trade war. But New Mexico said it is well prepared. "We are positioned in such a way that we minimize these types of pullbacks to the extent that they can," said Charles Wollmann, Chief Communications Officer for the New Mexico State Investment Council. Story conti…
'Markets will keep melting!' Cabinet member jetted to Trump to urge 'shift' on tariffs
A Cabinet official jetted to Florida over the weekend to press President Donald Trump to hone his message on tariffs — and put anxious Americans at ease — or watch the financial markets continue to crater, according to a report.Scott Bessent flew Sunday and warned Trump that the markets would continue to spiral if he didn't emphasize his endgame when it comes to his trade war, Politico reported.“Bessent’s view was, ‘The markets will keep melting…
President Trump Imposes ‘Liberation Day’ Tariffs: How Families Should Respond
In his “Liberation Day” speech on Wednesday, April 2, President Trump announced the imposition of “reciprocal tariffs” on dozens of foreign countries. “My fellow Americans, this is Liberation Day,” the president declared. “April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again.” The Tariffs The president signed two executi…
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