Trump, tariffs and Liberation Day
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U.S. stocks closed up on Wednesday ahead of President Donald Trump's announcement of sweeping tariffs, which the White House dubbed "Liberation Day."
From ABC News
Trump's "reciprocal" tariffs on dozens of countries were set to take effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negoti...
From Reuters
President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%.
From Yahoo
Read more on News Digest
While there are a few concerns that have investors' attention at the moment, including a forecasted contraction in first-quarter gross domestic product, along with the historic priciness of stocks, perhaps the prevailing issue for the stock market is President Donald Trump's tariff policy.
Trump's announcement of mass tariffs on nearly all U.S. imports on April 2 immediately caused the stock market to free fall, according to a report from NBC News. On Thursday, the
At the same moment President Donald Trump claimed his universal tariffs were sure to send the stock market rocketing upward, unbeknownst to him, the values of the world’s largest companies were falling off a cliff.
4don MSN
Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.
Those moves marked some of the best days ever for these stock indexes, and while positive news about tariffs is welcome, investors still need to stay calm and play the long game. Trump announced the 90-day pause on tariffs from his Truth Social account,