The imposition of new tariffs by Donald Trump has sent ripples through financial markets, causing a decline in both stock markets and bond yields.

After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

Get all the news you need in your inbox each morning. "Over the decades, they ripped us off like no country has never been ripped off in history and we're going to be much nicer than they were to us,

The fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday,

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, after Trump tariffs triggered the major indexes' worst week since the March 2020 Covid crash.The stock market suffered a meltdown last week week,

The US began collecting a 10% "baseline" tariff on all imports on Saturday as President Donald Trump urged Americans to "hang tough" after market turmoil.The UK and France are among hundreds of countries impacted and its leaders have said nothing is off the table.

US President Trump announces a 10% baseline tariff on imports, excluding Mexico and Canada, igniting trade tensions. China retaliates with matching tariffs. British and French leaders urge caution, while Trump promises economic growth despite hardships ahead for Americans.

President Donald Trump has announced reciprocal tariffs. He has announced a 10 per cent baseline tax will be applied to all imports, while countries with significant trade surplus with the US will face higher tariffs.