A single social media post having a 15-word sentence on X (formerly Twitter) triggered massive market volatility April 7 morning in the US, adding and erasing $2.4 trillion in S&P 500 value within an hour after falsely claiming President Trump planned to pause his controversial tariff program.The wild swing highlighted the market’s extreme sensitivity to…
BEIJING (AP) — China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports. The Commerce Ministry statement said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a…
The White House wants to make one thing clear: The Trump administration is not backing down on implementing reciprocal tariffs April 9. In morning trading Monday, markets whipsawed after confusion emerged over whether or not President Trump was considering a 90-day pause on his tariff rollout. SNP – Free Realtime Quote • USD As of…
FORT LAUDERDALE, Fla. (AP) — Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump’s new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set…
White House economic adviser Kevin Hassett stands next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters A crashing stock market is not part of an intentional strategy by President Donald Trump, White House National Economic Council director Kevin Hassett…
WASHINGTON (AP) — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. The labor market remains healthy with a 4.1% unemployment rate and 151,000 jobs added in February, and Trump likes to point to…
The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter. Commerce Secretary Howard Lutnick was among US officials who conveyed that message at a meeting Thursday in Washington with…
WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go…