In response to the current economic turmoil, turmoil Trump alone has caused with his stupid tariffs, investors are dumping U.S. bonds. Letters to the Editor | Milwaukee Journal Sentinel Republican party starts to split as Trump hits the economy Some Republicans share their frustration after President Donald Trump hits the economy with tariffs. Well, President
Spencer Soper | Bloomberg Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and people familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by President Donald Trump. The orders for beach chairs, scooters, air conditioners and
Stocks aren’t the only thing that have collapsed in short order over since Trump’s tariffs have taken effect. The University of Michigan’s Consumer Sentiment preliminary April data released on Friday revealed astounding declines in how consumers feel about the economy. Many of the gauges in the survey have seen sentiment deteriorate to levels seen in
Germany has long taken flack from Wall Street and financial capitals around Europe for the extreme fiscal conservatism that has kept the country’s debt levels low. But as global markets convulsed this week, investors rewarded Germany’s caution by snapping up its government bonds, which are known as bunds. Investors have reeled after President Trump imposed
Nathan Gomes | Reuters How many cars are fully American-made? Not many. Here’s what we know. President Trump hopes to encourage companies to build cars in the U.S. But are any cars fully American-made? Here is what we know now. CarMax KMX.N is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump‘s latest tariffs
Kristen Osenga, chief policy counselor | Inventors Defense Alliance Tour of the assembly facility at the Hyundai Metaplant America Highlights from a media tour of the Hyundai Metaplant America in Bryan County, Ga. that included Stamping, Wielding, and General Assembly. American innovation is under attack. Across the country, it’s increasingly difficult for startups to protect
Peter Berezin told you so — or he tried to, at least. The chief global strategist of BCA Research defied consensus wisdom by predicting late last year that US stocks would sink in 2025 as a full-blown trade war caused a global recession. A few months later, markets have been hit by one of the
The stock market has been reeling since Trump’s “Liberation Day” tariff announcement back on April 2. But even before this shock announcement tipped the Nasdaq into a bear market and sent the S&P 500 down 10% in two trading days, stocks had struggled this year as the reality of Trump’s desire to impose tariffs on
US stocks opened sharply lower for a second day in a row after China retaliated against US tariffs in an escalating trade war, as Wall Street analysts warned about the rising risk of a recession. The Dow Jones Industrial Average (^DJI) sank around 2.2%, or about 1,000 points, while the S&P 500 (^GSPC) plummeted about
Victoria Waldersee | Reuters Trump announces 25% tariffs on imported cars President Donald Trump announced a 25% tariff on imported vehicles and auto parts, effective April 3, aiming to boost domestic manufacturing. Cheddar Mercedes-Benz MBGn.DE is building up inventory levels in the U.S. at the wholesale level and at dealer lots to get ahead of tariffs due