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Trump’s new tariffs lead to biggest Dow wipeout since 2020

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The Associated Press |
Trump announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.
The New York Times |
Kevin Hassett, the head of the White House National Economic Council, said that he did not expect to “see a big effect on the consumer in the U.S.,” even as he acknowledged in an appearance on ABC’s “...

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Dow Drops 1,600 In Biggest Wipeout Since 2020 After Trump’s Tariffs Shock
The double-digit tariff hikes rippled through world markets and economists are warning that the risk of recession is climbing.
Dow Drops Nearly 1,680 In Biggest Wipeout Since 2020
The U.S. stock market buckled Thursday, and a level of shock unseen in years tore through financial markets worldwide on worries about the damage President Donald Trump 's newest set of tariffs could do to economies across continents,
"Oil Prices Are Down, There Is No Inflation": Trump Doubles Down On Tariffs
US President Donald Trump called China "the biggest abuser of them all" on tariffs Monday after Beijing retaliated last week against his levies in an escalating trade war.
Trump Says Tariffs Will Stay Until Trade Deficit Disappears
The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.
Trump advisers say 50-plus countries have reached out for tariff talks with White House
The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.
'Sometimes you have to take medicine': Trump defends sweeping tariffs
Just hours after Trump's comments, stock markets plunged in Asia early on Monday, with Hong Kong's Hang Seng losing 9.8%.
Barchart on MSN17h
Stock Index Futures Tumble as Tariff Turmoil Deepens, U.S. Inflation Data and Big Bank Earnings Awaited
S&P 500 E-Mini futures (ESM25) are down -3.29%, andJune Nasdaq 100 E-Mini futures (NQM25) are down -3.81% this morning as worries over the economic fallout of U.S. President Donald Trump’s sweeping tariffs continue to weigh on sentiment.
Jamie Dimon warns of slower growth, higher inflation as tariffs reshape global economy: 'We're not in Kansas anymore'
JPMorgan CEO Jamie Dimon and other big names on Wall Street are issuing new warnings about the impact of President Trump's tariffs as markets continue to plunge.
Live updates: ASX to rebound, Wall St mixed on economic slowdown and inflation
Australian stocks are expected to bounce back after they suffered their biggest one-day fall since COVID-19 yesterday, while investors worry about an economic slowdown and rising inflation as US President Donald Trump dug in his heels on tariffs.
The Daily Hodl1dOpinion
Robert Kiyosaki Warns Biggest Market Crash Has Arrived, Suggests Three ‘Non-Wall Street’ Assets To Weather Storm
Rich Dad Poor Dad author Robert Kiyosaki says that the stock market meltdown that he predicted years ago is now underway.
CNN on MSN7d
Trump is about to test whether the Fed learned its inflation lesson
Inflation has improved considerably since then ... But Trump has already changed the world’s biggest economy in big ways, just in two months in office. And there are more changes on the way. “It’s a difficult moment right now because there are ...
'No inflation': US President Donald Trump's upbeat take as global markets crash after tariff shock
President Trump claims there is no inflation in the US, asserting that oil, food prices, and interest rates are down. Despite global markets facing sh
RBA Says Victoria Recorded Biggest Increase in Mortgage Arrears
Homeowners in Victoria and the state capital of Melbourne recorded the “most significant” increase in loan arrears among Australia’s regions during the period of strong inflation and elevated interest rates,
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