Trump, tariffs and stock markets
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The Hollywood Reporter |
“Tariffs are the cliffhanger Hollywood feared, forcing both studios and consumers to tighten their belts,” says Scott Purdy, U.S. media industry leader at KPMG U.S.
Reuters |
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade wa...
SFGate |
Trump announced a minimum tariff of 10% on global imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.
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CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down how President Trump's new tariffs are affecting the labor market and global financial markets.
As new tariffs raise worries about higher prices and a possible slowdown in the economy, many investors are looking for stocks that won’t be
U.S. stocks fell sharply in after-hours trading Wednesday after President Trump announced sweeping new tariffs on imports from trading partners.
On Friday, Japan's benchmark Nikkei 225 fell by another 3.5%, Australia's ASX 200 was down more than 2%, and Singapore's Straits Times Index was almost 3% lower. South Korean stocks are also losing ground but that appears to be related to the country's constitutional court upholding the impeachment of President Yoon Suk Yeol.
The S&P 500 closed down more than 7% for the week, as more than $2.4 trillion was shaved from the value of U.S. companies. Minnesota companies including 3M, Sun Country Airlines, U.S. Bank and Solventum all lost more than 10% of their values since last Friday, draining 401 (k) balances and prompting jitters among employees and customers alike.
President Donald Trump's implementations and threats of tariffs have created stock market instability, driving talk of a possible recession. We asked Jana Grittersová, a UCR economist and associate professor of political science,
Initial market indications early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.
While global economic growth is projected to continue through 2025, one local economist believes that the housing market could face troubled waters.