As Trump’s Sweeping Tariffs Kick in, Officials Signal Openness to Talks
President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.
President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.
Was the president manipulating the market with his comments, as his critics say, or reassuring Americans, as the White House maintains?
Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister’s downfall.
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
As the fallout from President Trump’s global trade war spreads, investors are fleeing what is typically seen as the safest corner.
The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
Delta is one of the largest U.S. companies to warn about the impact of trade tensions on its business.
The tariffs were slated to take effect starting on April 15, and to hit back at President Trump’s steel and aluminum levies.
Beijing announced a new round of 50 percent tariffs in response to President Trump’s latest levies as the trade conflict between the superpowers escalates.
Amid the doom and gloom in financial markets, President Trump continues to insist he’s got a plan.