tariffs

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Upbeat on Tariff Deals, Stock Market Surges

Major indexes up more than 3%

(Newser) - After days of huge declines, the stock market opened on a decidedly different note on Tuesday:
  • The Dow rose more than 1,300 points, or 3.4%.
  • The S&P 500 rose more than 160 points, or 3.2%.
  • The tech-focused Nasdaq rose more than 550 points, or 3.5%
...

Navarro Ramps Up Tariffs Fight With Musk
Navarro
Ramps Up
Tariffs Fight
With Musk
the rundown
Apr 8, 2025 7:11 AM CDT

Navarro Ramps Up Tariffs Fight With Musk

Their feuding illustrates a growing split in Trump world

(Newser) - Two of President Trump's top advisers are having a nasty war of words about tariffs. The spat involves Elon Musk and Peter Navarro, the latter being Trump's top trade adviser and a lead architect of the tariffs. Musk has spoken out against them, and Navarro again suggested on...

China: We&#39;ll &#39;Fight to the End&#39;
China: We'll
'Fight to
the End'
Apr 8, 2025 6:03 AM CDT

China: We'll 'Fight to the End'

But world markets rise despite the heated rhetoric between Beijing and Trump

(Newser) - The war of words about a war of trade escalated overnight between China and the US, but world markets—including American futures—were nonetheless rising for the first time in days.
  • China's threat: "The US side's threat to escalate tariffs against China is a mistake on top
...

How Fake News Caused a Market Surge
How an Errant Headline
Caused Markets to Surge
the rundown
Apr 8, 2025 5:21 AM CDT

How an Errant Headline Caused Markets to Surge

News outlets trace false information, though origin is still vague

(Newser) - Markets see-sawed wildly Monday before ultimately ending slightly lower , thanks in part to what the Trump administration referred to as "fake news" regarding tariffs. What happened, per CNN and NBC News :
  • At around 8:30am Eastern time, Fox News interviewed National Economic Council Director Kevin Hassett, who was asked
...

White House Says Trump Will Veto Bipartisan Tariff Bill

Lawmakers are trying to reassert congressional control over tariffs

(Newser) - A bipartisan group of senators wants to reassert congressional control over tariffs, but the administration says the bill will be vetoed if it ever makes it to President Trump's desk. Seven Republican senators, including Sens. Chuck Grassley and Mitch McConnell, have signed onto the Trade Review Act of 2025,...

Beijing Slams Tariffs, Trump Calls Them &#39;Beautiful&#39;
Trump Threatens Another
50% Tariff on China
UPDATED
Apr 7, 2025 10:59 AM CDT

Trump Threatens Another 50% Tariff on China

Move comes as rhetoric escalates between the 2 nations

(Newser) - China slammed President Trump's tariffs on Monday, while Trump himself remained defiant in the wake of cratering world markets. In fact, Trump threatened to impose an additional 50% tariff on China if that nation doesn't withdraw the 34% tariff it slapped on US goods (matching the penalty Trump...

It's Already Been a Wild Day on Wall Street

Markets began with a plunge, rebounded into positive territory, then repeated that cycle

(Newser) - The key word Monday for the US stock market appears to be volatility, but that might be an understatement. The major indexes began the day with another steep plunge before rebounding into positive territory—then taking another big plunge back into the red before rebounding yet again, reports the Wall ...

US Shrimp Industry 'Grateful' for Trump Tariffs

Shrimp farmers are hoping to gain ground lost to cheaper imports, disasters, higher fuel costs

(Newser) - "We are grateful for the Trump administration's actions today, which will preserve American jobs, food security, and our commitment to ethical production." So says a somewhat uncommon statement of support for the White House's recent tariffs from John Williams of the Southern Shrimp Alliance, which represents...

Dimon: Tariffs Must Be Resolved Quickly
Dimon: Resolve
Tariffs Quickly
Apr 7, 2025 6:44 AM CDT

Dimon: Resolve Tariffs Quickly

Trump ally Bill Ackman suggests the president is getting terrible advice on markets

(Newser) - Jamie Dimon and other prominent names on Wall Street are voicing rising concerns about the effect of President Trump's tariffs on world markets. "We are likely to see inflationary outcomes," the CEO of JPMorgan Chase wrote in his closely watched annual letter to investors on Monday, reports...

'You Have to Take Medicine,' Says Trump as Markets Plunge

Benchmark US index poised to enter bear market on Monday

(Newser) - US stock futures dropped further Sunday night and Monday morning, indicating Monday will continue the two-day worldwide sell-off for financial markets that started with President Trump's "Liberation Day" tariff announcement last week. Dow futures were down more than 1,110 points, just above 3%, early Monday; S&P...

After Musk Splits on Tariffs, Navarro Says 'He Sells Cars'

Back-and-forth includes criticism of a Harvard doctorate and of a Tesla perspective

(Newser) - After Elon Musk expressed a view on tariffs far from President Trump's, he heard publicly on Sunday from another presidential adviser. The billionaire had told a gathering organized by a right-wing politician in Italy on Saturday, NBC News reports, that "Europe and the United States should move, ideally,...

UK's Jaguar Land Rover Halts Shipments to US

Automaker makes its move amid tariffs from Trump administration on imported cars

(Newser) - The British maker of Jaguar and Land Rover cars is pausing shipments to the United States as it works to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump administration. Jaguar Land Rover Automotive, one of Britain's biggest carmakers, said Saturday that the pause...

Newsom to Countries: Cut Deals With California

The state is 'ready to talk' to other nations in wake of tariffs, says governor

(Newser) - If a global trade war is erupting, California would like to be left out of it. Gov. Gavin Newsom said Friday that his state will try to negotiate its own deals with other nations, Fox News reports. With foreign governments responding in kind to the US actions, the Democrat said...

Dow Plunges More Than 2K as Selloff Continues

'The world has changed,' says a BlackRock analyst

(Newser) - The worldwide sell-off for financial markets moved into an even higher, scarier gear on Friday, per the AP .
  • The Dow fell 2,231 points, or 5.5%, to 38,314. This follows Thursday's plunge of nearly 1,700 points.
  • The S&P 500 fell 322 points, or 5.9%,
...

Ford, Stellantis Offer Employee Pricing to All

Moves come in response to the new tariffs

(Newser) - While foreign automakers talk about the import fees they'll be adding to the price tags of cars sold in the US amid the Trump administration's latest round of tariffs, Ford Motor Co. has better news for purchasers of its homegrown vehicles. On Thursday, the same day that US...

Tariffs Hit the Gaming World With Nintendo Move

Company delays pre-orders in the US of the highly anticipated Switch 2 console

(Newser) - Gamers, meet tariffs. Nintendo has delayed pre-orders in the US of its new Switch 2 console because of the unexpectedly high tariffs imposed by President Trump this week, reports the BBC . "Pre-orders for Nintendo Switch 2 in the US will not start April 9 in order to assess the...

Trump to Powell: Cut Rates. Powell: Nope, Not Yet

Fed chief warns that tariffs will likely lead to at least a temporary uptick in inflation

(Newser) - Fed chief Jerome Powell weighed in on the tariffs of President Trump on Friday, saying that the central bank is worried about their effect on inflation but isn't ready to make a move on interest rates.
  • "We are well positioned to wait for greater clarity before considering any
...

'Disruptive US Policies' Just Jacked Recession Risk: JPMorgan

Risk of US, global recession now at 60%, up from 40%, per the Wall Street giant's strategists

(Newser) - President Trump referred to Wednesday as "Liberation Day" as he enacted "reciprocal" tariffs against even more countries across the globe, but now JPMorgan is warning that the risk of recession just escalated steeply. In a Thursday note, the Wall Street giant's strategists, led by Bruce Kasman, say...

Markets Are on Course for Another Rough Day
After China's Tariff Move,
More Market Misery
UPDATED
Apr 4, 2025 8:55 AM CDT

After China's Tariff Move, More Market Misery

'Investors are selling first and asking questions later'

(Newser) - The stock market did indeed continue to plunge at the start of Friday's trading, per CNBC :
  • The Dow sank more than 1,000 points in the first 20 minutes of trading, or 2.5%.
  • The benchmark S&P 500 fell 2.9%, and the tech-focused Nasdaq fared slightly worse,
...

China Announces Massive Tariffs on All US Imports

34% tariffs match Trump's new tariffs

(Newser) - China has fired back at President Trump's "reciprocal" tariffs with massive tariffs on imports from the US. The state-run Xinhua news agency said Friday that China will impose additional tariffs of 34% on all US imports—matching the new tariffs Trump announced Wednesday—starting Thursday. Stocks in Europe...

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