Trump, tariffs and global markets
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Goldman Sachs estimates a five-percentage-point increase in tariffs trims 1% to 2% from S&P 500 earnings growth.
From Forbes
Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order.
From The Financial Times
Business leaders scrambled Thursday to assess how President Trump’s latest tariffs would affect their companies, with many top CEOs staying silent as the president’s new policies made the cost of doin...
From Wall Street Journal
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Trump, tariffs and Countries
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If the tariffs are maintained by the Trump administration and if other nations impose retaliatory tariffs, both the U.S. and other countries "will suffer serious recessions," said Mark Zandi, chief e...
From CBS News
President Donald Trump declared a US economic emergency and announced tariffs of at least 10% across all countries, with rates even higher for 60 countries or trading blocs that have a high trade def...
From CNN
Economists’ estimates have been far more grim, with most predicting that the president’s sweeping tariffs and likely retaliation will slow U.S. economic growth, push up costs for consumers and make l...
From The New York Times
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Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.
The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%. The tech-heavy Nasdaq declined 5.8%. The decline put the Nasdaq into bear market te
President Trump on Wednesday announced a swathe of tariffs on other countries. Markets were gloomy, but the memes were at least solid.