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News Timeline
TRUMP’S 50% Steel Tarif Shock: America’s Powerful Comeback Rattles Global Markets
— President Trump has slapped a 50% tariff on imported steel and aluminum. He made the announcement at U.S. Steel’s Irvin Works in Pennsylvania, sending a clear message: America First is back in action.
Markets around the world took a hit after the news broke. Experts say prices could jump for companies that depend on foreign steel, which may lead to higher costs for everyday Americans.
The White House is getting ready for court fights over these tariffs. Some judges have questioned if the president has this much power over trade, making things even more uncertain.
At the same time, Japan is tightening its rules on cryptocurrency. Closer to home, federal agents stopped a migrant smuggling ring at our southern border — reminding us of the tough economic and security battles America still faces.
TRUMP’S Bold Trade Shock Rocks Markets, Sparks Fear And Hope
— President Trump is set to announce tough new tariffs this week. His unpredictable style keeps Wall Street and America’s allies on edge. The latest 25% tariff on cars from Europe and Mexico caused the biggest stock market drop since 2020.
Elon Musk, a vocal Trump supporter, is stepping up his political game in Wisconsin. At a Green Bay event, Musk plans to give million-dollar checks to two men fighting activist judges. This move puts him front and center in the state’s Supreme Court race.
Inside the Pentagon, sources say there’s chaos as leaders scramble to keep up with Trump’s aggressive trade and immigration push. Despite distractions at home and abroad, Trump keeps pressing forward with his agenda.
While Biden battles lawsuits in courtrooms across the country, Trump faces legal fights of his own. With both sides under fire, Americans are left wondering what comes next as markets swing wildly and politics heat up.
TRUMP’S “Liberation DAY” Shocks Markets: Wall Street Reels as Tariffs Spark Global Showdown
— President Trump’s “Liberation Day” tariffs have rocked the markets. The Dow dropped more than 2,000 points on some days. The S&P 500 and Nasdaq both fell into bear market territory. These tariffs, reaching up to 125% for some countries, are the highest seen in a hundred years. China, the EU, and Japan are feeling the pain most. China hit back with its own tariffs on American goods. Japan’s finance minister warned of global trouble ahead. Still, US officials say they’re hopeful about future trade talks. Big companies are taking hits too. CarMax shares sank after weak earnings reports. Nvidia tumbled more than 20% from its high point this year. UnitedHealth lowered its profit forecast because Medicare costs keep rising. Experts think this wild ride will last until trade fights settle down. Some industries are holding up better than others under pressure. The Federal Reserve might cut rates three times this year if things get worse — some warn a financial crisis could happen if tariff chaos continues much longer.
TRUMP’S 104% China Tarifs Stun Global Markets
— The UK and EU stock markets are feeling the pressure as President Trump’s tariffs, including a steep 104% on Chinese goods, take effect. EU trade commissioner Maroš Šefčovič announced that the EU will not retaliate against these U.S. tariffs, citing limited options for response. European Commission President Ursula von der Leyen suggested a “zero-for-zero” trade deal to the White House amid talks of an EU-US free trade zone by Trump adviser Elon Musk.
Concerns about the economic impact of these tariffs are growing in Europe. Patrick Martin, head of France’s Medef business lobby, warned that U.S. tariffs could harm France’s economic growth and possibly lead to a recession. Meanwhile, Wall Street has also taken a hit as hopes for tariff delays fade, with the S&P 500 dropping 1.6%.
Elon Musk has publicly criticized Trump adviser Peter Navarro over comments related to Tesla and the broader effects of U.S. tariffs on American businesses. In other business news unrelated to tariffs, a Chinese billionaire is looking to purchase multiple Hudson’s Bay locations in Canada due to an emotional connection with the brand and aims to prevent its financial collapse. Binding bids for these assets are expected by April 30th with lease offers due by May 1st.;
TRUMP’S Trade Policy Shocks: US Stocks Plunge in Market Chaos
— The EURO has surged to a six-month high as investors react to the latest U.S. tariff announcements. Meanwhile, the Australian dollar has taken a hit, reflecting global market volatility. These currency shifts highlight ongoing economic uncertainties fueled by international trade tensions.
U.S. stock futures have plummeted after China’s retaliatory tariffs on American goods, marking another phase in the global trade conflict. The Dow Jones dropped 1,679 points, causing widespread concern among investors and financial strategists who urge calm and strategic planning during these turbulent times.
Bitcoin ETFs saw nearly $100 million in net outflows as markets reacted sharply to tariff news from the Trump administration. This exodus underscores investor anxiety and uncertainty about future economic conditions amid escalating trade disputes with China.
Goldman Sachs has revised its oil price forecasts downward due to fears of a potential recession and increased supply from OPEC+. Gold prices have steadied after an initial selloff triggered by aggressive U.S. tariff policies, indicating cautious optimism among investors seeking safe-haven assets in uncertain times.
TRUMP’S Trade WAR Shocks: China And EU Face Major Impacts
— President Donald TRUMP announced sweeping tariffs affecting nearly all U.S. trading partners. China and the EU are hit hardest. The White House imposed a 10% tariff on all imports, with China facing an additional 34% on top of an existing 20%, totaling a hefty 54%. This move is just shy of Trump’s campaign promise of a 60% tariff on Chinese goods.
China reacted strongly, promising countermeasures against what it calls “protectionism.” The Chinese Commerce Ministry argues that trade wars have no winners and urges the U.S. to resolve differences through fair talks. Meanwhile, European nations face a blanket 20% tariff along with existing tariffs on steel, aluminum, and car exports.
Canada’s Prime Minister Carney has vowed to “fight” these tariffs as other world leaders assess their economic impact. The European Union has also promised retaliation against Trump’s aggressive trade policies. As tensions rise globally, nations brace for potential economic fallout from this escalating trade war initiated by the U.S..
TRUMP’S Bold Move: How NEW Tariffs Rattle the Stock Market
— U.S. stocks fell sharply as President Donald Trump’s tariffs on Canada and Mexico took effect, sparking economic fears. Investors worry about the potential impact amid existing uncertainties. Analysts warn of a possible recession, urging caution in market activities.
The S&P 500 and Nasdaq composite saw major drops, hitting technology stocks hard. Companies across sectors are revising forecasts due to these new trade policies. Experts suggest these tariffs could worsen inflation and reduce consumer spending soon.
These tariffs are part of Trump’s broader trade agenda to boost U.S. manufacturing but risk retaliatory actions that may harm American businesses and consumers. The market remains bearish as analysts closely watch for policy fallout effects.
— Canada Prepares Tariff Retaliation Amid Trade Tensions A Canadian government official announced that the country is considering potential tariff targets in response to ongoing trade disputes
— Nasdaq Soars 1% as Wall Street Overcomes Russia-Ukraine Concerns The tech-heavy index rallied, buoyed by a significant surge in Nvidia shares despite ongoing geopolitical tensions
— Dow Drops 300 Points as Rate Concerns Weigh on Post-Election Rally The Dow Jones Industrial Average fell 300 points on Friday, stifling momentum from the recent election amid ongoing worries about rising interest rates
— Dow Soars 300 Points, Closes Above 44,000 for the First Time The stock market rally is fueled by renewed enthusiasm surrounding former President Trump’s policies
— S&P 500 SOARS to NEW RECORD CLOSE The index surged as traders sought to capitalize on the momentum from recent Federal Reserve interest rate cuts
Social Chatter
What the World is SayingTHE TRUMP EFFECT: $8 TRILLION in U.S. Investments and Climbing! 🇺🇸💰
. . .It was encouraging to see the President reverse himself on the so-called “reciprocal” tariffs yesterday, but I wouldn’t take much solace in it as the global trade war continues to rage....
. . .I appreciate President Trump finding a partial off-ramp for his disastrous tariff tax increases. I hope the administration works to avoid another round of drama in 90 days, and to eliminate...
. . .European Stocks. European Stocks Hi. Unfortunately, I was dumb enough not to sell my ETFS this morning, and now I'm down due to the so-called Trump tariffs. So, even tho it's already a bit late because it went down a bit, I'm looking for advice on replacing my 2 ETFS, this ones: # IWDA ISHARES CORE MSCI WORLD an...
. . .Trump’s social media posts about the stock market have 'disappeared,' JPMorgan says https://yahoo.trib.al/cOTyGxZ by @BrianSozzi
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