President Trump holds firm on tariffs, framing them as essential for America's economic strength, while Commerce Secretary Howard Lutnick suggests they could be lifted soon. The uncertainty around tariffs is unsettling markets and consumers,
Stocks are falling again on Wall Street as companies and investors react to President Trump’s decision to impose tariffs.
All three major U.S. markets sank before regaining lost ground on fears a trade war will hobble the world’s largest economy and boost inflation.
Economic forecasts have been weakening. While some see slower growth, several commentators see the chance of an outright recession rising this year.
Beijing hits back with retaliatory tariffs and other measures after U.S. imposes additional 10% duties on China
A rout on Wall Street deepened on Tuesday as companies and investors digested the impact of President Donald Trump's decision to impose tariffs on the U.S.'s biggest trading partners, as well as retaliatory tariffs from Canada, China and Mexico.