Trump, tariffs and Financial Market
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A White House official said the president’s “full attention” was on the tariff policy Friday, noting he continued to send updates about conversations he had with foreign leaders.
From CNN
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
China vowed retaliation, as did the European Union, which faces a 20% duty.
From Reuters
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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,
Heading into this year, most U.S. farmers were hoping to break even or maybe record a small profit. But now they are faced with losing the biggest export market for many of their crops after China retaliated against President Donald Trump’s tariffs.
The Dow, S&P 500 and Nasdaq are under pressure for a second day as global investors sell equities in response to President Trump’s sweeping tariffs against the majority of U.S. trading partners, including China who is retaliating.
Earnings at algorithmic-trading firm XTX Markets increased more than 50% last year as the firm’s revenue from market making and proprietary trading jumped.
The trade wars launched by U.S. President Donald Trump are escalating to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China levied a retaliatory 34% tariff on all U.
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By Saqib Iqbal Ahmed NEW YORK (Reuters) -Alarm about the fallout from President Donald Trump's sweeping tariffs gripped global financial markets, with Wall Street's fear level at a five-year high while financial executives expressed shock and worry about economic growth.
Investors are fearing the worst, but bargain-hunters should consider well-regarded stocks that have been hit hard in recent weeks.