Apr 04 Watch 6:59 Trade war, tariffs and uncertainty drag markets to worst week in years By Amna Nawaz, Azhar Merchant Stocks were in free fall again Friday as markets saw their worst week in years. The trade war heated up as China responded to President Trump with their own 34 percent tariffs on imported U.S. goods. Markets fell further after… Continue watching
Apr 04 How Trump's latest tariffs could affect your personal spending By Wyatte Grantham-Philips, Cora Lewis, Associated Press Economists say consumers foot the bill from these kind of trade actions and stress the far-reaching impacts that U.S. President Donald Trump's latest tariffs will have on goods sourced from around the world. Continue reading
Apr 04 WATCH: Fed Chair Powell warns Trump tariffs likely to raise inflation and slow economic growth By Christopher Rugaber, Associated Press Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.”… Continue reading
Apr 04 S&P drops 6 percent, closing worst week since COVID after China matches Trump tariffs By Stan Choe, Associated Press The Dow Jones Industrial Average plunged 2,231 points, or 5.5 percent Friday, and the Nasdaq composite tumbled 5.8 percent to pull more than 20 percent below its record set in December. Continue reading
Apr 04 U.S. added 228,000 jobs in strong March buildup to Trump trade wars By Paul Wiseman, Associated Press U.S. employers added a surprising number of jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world. Continue reading
Apr 04 China hits back with 34 percent tariff on U.S. imports as world weighs how to deal with Trump's hikes By Elaine Kurtenbach, Associated Press As world markets wallowed in heavy losses Friday, Taiwan's president promised to provide support to industries most vulnerable to the 32% tariffs Trump ordered in his "Liberation Day" reciprocal tariffs announcement. Continue reading
Apr 03 Watch 11:00 Markets plunge in wake of Trump's new tariffs and fears of global trade war By Geoff Bennett, Lisa Desjardins, Jackson Hudgins, Jonah Anderson U.S. markets plunged in the wake of President Trump's announcement of new tariffs. Many stocks had their worst single day since the start of the pandemic in 2020. Leaders around the world denounced the tariffs and experts warned the president's… Continue watching
Apr 03 Watch 7:59 GOP Sen. Johnson says Wisconsin bracing to see 'how painful' tariff fallout will be By Amna Nawaz, Doug Adams Financial markets sank in the wake of President Trump's decision to impose tariffs on practically all goods being imported to the U.S. Republican Sen. Ron Johnson is a member of the Senate budget and finance committees. His state of Wisconsin… Continue watching
Apr 03 Senators introduce bipartisan bill to expand congressional authority over tariffs By Associated Press Legislation pushed by Iowa Republican Sen. Chuck Grassley and Washington Democratic Sen. Maria Cantwell would require presidents to justify new tariffs and secure congressional approval within 60 days, otherwise they would expire. Continue reading
Apr 03 WATCH: Trump says market plunge 'expected' a day after announcing broad tariffs By Darlene Superville, Associated Press President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it's going very well."… Continue reading