(Bloomberg) — US stock futures retreated Friday as American trade partners pushed for concessions ahead of a July 9 deadline to finalize trade deals with the Trump administration. Meanwhile OPEC+ delegates meeting tomorrow will consider an increase of more than 411,000 barrels a day in August. Most Read from Bloomberg Contracts for the US benchmark…
“Liberation Day” turned out to be alarming. President Trump floored investors by announcing the largest tax hike on Americans since at least the 1940s. April 2, which Trump called “Liberation Day,” was Trump’s deadline for unveiling a sweeping set of taxes on imports that almost nobody in the investing universe saw coming. For the first…
Trump has a habit of firing off tariff comments in Wall Street’s off hours, catching traders off their guard. The latest example: The president suggested on Sunday that all US trading partners will be covered in the like-for-like tariffs expected to be laid out in the April 2 “Liberation Day” announcement. “You’d start with all…
The team at Capital Economics came out with a note this morning describing some of the implications of the new auto tariffs plan Trump set into motion Wednesday evening. They state the economies of Mexico, Slovakia, and Korea have the highest exposure to the tariffs, with up to 1.6% of gross domestic product at stake….
In less than two weeks, President Trump’s reciprocal tariffs designed to match tariffs imposed on US goods are expected to go into effect. The question is: Is the market ready? On a new episode of the Capitol Gains podcast, Yahoo Finance’s Ben Werschkul highlighted the market anxiety around this particular tariff plan. The lack of…
Global central bank officials have sung a common tune in recent weeks: Uncertainty is intensifying, and trade wars could lead to higher inflation and lower growth. And that uncertainty may only grow as countries prepare to see how far President Trump will go in imposing global reciprocal tariffs (“the big one,” Trump says) on April…
US President Donald Trump has said that his administration will “soon” impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi’s recent visit to the US capital. Trump was speaking at the swearing-in of Commerce Secretary Howard Lutnick on Friday when he made the announcement,…