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
Apr 03 How the White House calculated Trump's sweeping new tariffs By Will Weissert, Associated Press President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods. What he’s actually imposing is based on far more complicated math. Continue reading
Apr 03 A timeline of Trump's tariff actions so far By Wyatte Grantham-Philips, Associated Press Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Continue reading
Apr 03 How soon will prices rise? 4 questions about Trump's reciprocal tariffs, answered By Christopher Rugaber, Paul Wiseman, Associated Press Economists don’t share President Donald Trump’s enthusiasm for tariffs since they’re a tax on importers that usually get passed on to consumers. It’s possible, however, that the reciprocal tariffs could bring other countries to the table and get them to… Continue reading