Reported 18 days ago
US stock futures plummeted following President Trump's announcement of a 10% universal tariff on all trading partners, with particular impacts on companies with heavy Chinese exposure. The Dow dropped 1,000 points, leading to significant declines in tech stocks like Apple and Nvidia, as concerns about supply chain disruptions mounted. Analysts predict increased uncertainty for the economy as the full implications of these tariffs unfold.
Source: YAHOO
Reported 18 days ago
Volkswagen is set to implement an 'import fee' on vehicles impacted by the 25% tariffs imposed by the U.S. government. The German automaker has paused rail shipments from Mexico and will delay shipments arriving by ship from Europe, according to a recent report. The company plans to reveal more details on pricing by mid-April and aims to distribute the affected vehicles to dealers by the end of the month.
Source: YAHOO
Reported 18 days ago
President Trump has announced a 10% baseline tariff on all imports and increased rates on countries with trade surpluses with the U.S., fulfilling a campaign promise to reduce trade imbalances. Economists worry that these tariffs could lead to increased prices for consumers, as businesses may pass on costs, while some retailers might take advantage to raise prices unnecessarily. The tariffs, which are aimed at balancing international trade practices, are collected as taxes and contribute to the federal budget, where Congress decides their allocation.
Source: YAHOO
Reported 18 days ago
In a rare move, the US Senate has passed a Democratic resolution opposing President Trump's tariffs on Canada, with a vote of 51-48, marking the first significant public dissent from Republican lawmakers regarding Trump's trade policies. While four Republican senators joined Democrats in support, Trump has vowed to veto the resolution, indicating his firm stance on maintaining tariffs. The vote reflects growing unease among lawmakers over the potential economic impact of these tariffs on vital industries, particularly in agriculture, as well as concerns over consumer confidence amid rising inflation.
Source: YAHOO
Reported 18 days ago
President Trump has revealed a sweeping set of import tariffs, significantly increasing taxes on goods from multiple countries, marking the largest tax hike on Americans since the 1940s. Among these measures, a new universal 10% tariff and reciprocal tariffs that could push rates on some imports from China to 34% and from Europe to 20% have raised concerns about increased consumer costs and potential economic recession. Economists now predict a possible stall in US growth, as the extensive tariff changes are expected to affect both domestic pricing and international trade relationships.
Source: YAHOO
Reported 18 days ago
On April 2, 2025, President Trump unveiled a plan to implement reciprocal tariffs affecting 185 countries, with rates ranging from a 10% baseline to significantly higher tariffs for major trading partners like China (34%), the EU (20%), Vietnam (46%), Taiwan (32%), and India (26%). The new tariffs, set to begin on April 9, could increase the average tariff rate to 29%, the highest in over a century, impacting U.S. markets and major companies like Apple. Smaller nations will also face the baseline tariff, highlighting the broad scope of this aggressive trade policy.
Source: YAHOO
Reported 18 days ago
President Trump announced a new tariff policy dubbed 'Liberation Day', imposing a baseline 10% tariff on all US trade partners, with higher rates for countries deemed as bad actors. This includes tariffs of up to 50% for some nations and the introduction of 25% tariffs on foreign-made automobiles. The move marks the escalation of an ongoing trade war and raises concerns about economic repercussions, particularly in the tech sector, where stocks faced significant declines following the announcement.
Source: YAHOO
Reported 18 days ago
Retail stocks, including those of Walmart, Target, and Nike, dropped in response to President Trump's announcement of new tariffs, which will impose a baseline of 10% on imports and higher rates on 60 countries, significantly affecting margins and retail strategies. Analysts warn that these tariffs could lead to increased consumer prices and reduced profit forecasts. Companies are scrambling to adapt, but the risks of passing costs to customers and the impact on retail sales growth persist amid growing consumer caution.
Source: YAHOO
Reported 18 days ago
Donald Trump announced a new tariff strategy at the White House, imposing a baseline tariff of 10% on various countries, effective April 5, with additional penalties for top offenders to follow on April 9. This dramatic move, which could raise the average tariff rate to 29%, marks a culmination of his decades-long focus on trade fairness. The approach includes addressing non-tariff barriers, and while some countries may face retaliatory measures, Trump urged them to lower their own tariffs in response.
Source: YAHOO
Reported 18 days ago
After President Trump's announcement of reciprocal tariffs on semiconductor imports, stocks of Nvidia, TSMC and other chip manufacturers experienced significant declines. Nvidia shares dropped by 4.7% and TSMC fell by 4.8%, as tariffs could raise prices on AI server purchases and impact demand for advanced chips. The tariffs include up to 34% on imports from China and 32% from Taiwan, affecting major exporters of computer parts and servers equipped with Nvidia GPUs.
Source: YAHOO
Reported 18 days ago
Apple Inc. is significantly impacted by new tariffs imposed by President Trump, leading to a sharp decline in its stock price. The tariffs, which include a 34% tax on Chinese imports, are set to take effect on April 9 and also affect Apple’s manufacturing in other countries like India, Vietnam, Malaysia, Thailand, and Ireland. Analysts are concerned that these levies may squeeze Apple's profit margins without a corresponding price increase, especially amid declining consumer sentiment.
Source: YAHOO
Reported 18 days ago
Wall Street experienced a sharp decline in stock prices following President Trump's unexpected announcement of steep reciprocal tariffs on various trading partners, with tariffs on Chinese imports reaching 34% and those from the EU at 20%. Market analysts expressed that the tariffs were more severe than anticipated, raising concerns about a potential recession. Major tech stocks saw significant drops, and analysts are wary of how long these tariffs will remain in place and their possible repercussions in international trade.
Source: YAHOO
Reported 18 days ago
Oracle Corp. has informed clients of a recent hacking incident where an attacker accessed old client log-in credentials, marking the second breach reported in less than a month. The stolen data, which includes usernames and encrypted passwords, was taken from a legacy system that has not been in use for eight years, posing a limited threat according to the company. The investigation is being conducted by the FBI and cybersecurity firm CrowdStrike.
Source: YAHOO
Reported 18 days ago
President Donald Trump's announcement of a baseline 10% tariff on all imports, along with significantly higher country-specific reciprocal tariffs, has raised alarms about the potential negative impact on the markets. Analysts highlight that the new 34% tariff on imports from China, in particular, is drastically higher than previous rates, which could disrupt trade relationships and economic stability.
Source: YAHOO
Reported 18 days ago
Senate Republicans have introduced a budget plan to expedite the renewal of President Trump's tax cuts and raise the nation's debt limit, ahead of a vote later this week. The proposal includes a $4 trillion extension of tax cuts and an additional $1.5 trillion in reductions, with the debt ceiling potentially increasing by up to $5 trillion. While the plan has Trump's backing, Democrats criticize it for favoring the wealthy and threatening social welfare programs. The Senate is preparing for a vote, with key negotiations on spending cuts still to come.
Source: YAHOO
Reported 18 days ago
Source: YAHOO
Reported 18 days ago
President Trump has announced a new tariff strategy that includes a 10% broad-based tariff alongside a reciprocal tariff to address non-tariff barriers such as currency manipulation and dumping. These tariffs are set to take effect shortly, with the 10% tariff on all goods starting April 5, followed by the reciprocal tariff on April 9. The administration emphasizes that these measures are tied to national security and aim to promote economic independence for the U.S.
Source: YAHOO
Reported 18 days ago
Tesla stock has rebounded despite a 13% decline in sales as CEO Elon Musk prepares to step back from his political involvement in the Trump administration. Analysts believe that Musk’s departure from politics may improve Tesla's public image and sales, which have been negatively affected by recent controversies. The discussion highlights the contrasting views on Musk's political presence and the company's market performance.
Source: YAHOO
Reported 18 days ago
President Trump has announced a new 'Liberation Day' tariff policy, implementing a baseline 10% tariff on imports from over 150 countries, along with higher tariffs for nations perceived as bad actors. These changes, which escalate the ongoing trade conflict, include specific tariffs on countries like China and the EU and will take effect between April 5 and April 9. Additionally, a 25% tariff on all foreign-made vehicles will begin April 3, further intensifying the trade landscape.
Source: YAHOO
Reported 18 days ago
On April 2, 2025, the dollar saw an increase against the yen while weakening against the euro as President Trump announced new tariffs that are poised to escalate trade tensions with global partners. The U.S. will impose a 25% tariff on foreign-made automobiles, impacting the trade landscape and consumer prices.
Source: YAHOO
Reported 18 days ago
President Donald Trump has introduced a two-step tariff plan, implementing a 10% baseline tariff on numerous countries starting April 5, along with additional duties for others deemed significant offenders. This announcement, made during a White House event, signifies a significant shift in the global trading landscape, with potential tariffs rising to a historic 29%. The plan is intended to address both tariff and non-tariff barriers, contributing to ongoing global tensions as countries prepare retaliatory measures.
Source: YAHOO
Reported 18 days ago
US stock futures fell sharply after President Trump's unexpected announcement of reciprocal tariffs during a 'Liberation Day' event at the White House. By late afternoon, S&P 500 futures dropped 1.7%, Nasdaq 100 futures decreased 2.5%, and Dow futures were down 0.7%. This surprised investors who were anticipating clarity on trade policies. Concerns about potential trade wars and rising costs in various sectors have unsettled the markets, despite some positive job growth data from March.
Source: YAHOO
Reported 18 days ago
A former employee of Rippling admitted in an Irish court to spying for rival firm Deel, under the instruction of Deel's CEO, Alex Bouaziz. Keith O'Brien revealed he was paid around 5,000 euros per month to share confidential information about Rippling, including corporate strategies and customer insights. The espionage came to light after Rippling set a trap to discover the leak, leading O'Brien to cooperate with Rippling's legal team due to concerns for his safety amidst the high-profile individuals involved.
Source: YAHOO
Reported 18 days ago
Traders are increasingly betting that the Federal Reserve will begin cutting interest rates in June, anticipating three quarter-point reductions by October, following President Trump's announcement of new tariffs. These tariffs might raise inflation but could also hinder economic growth, causing a shift in expectations regarding rate cuts.
Source: YAHOO
Reported 18 days ago
On April 2, 2025, U.S. stock indexes saw a volatile trading day, with the S&P 500 rising 0.7%, the Dow Jones up 0.6%, and the Nasdaq gaining 0.9% despite early losses. The market's fluctuation was highlighted by a significant recovery later in the day, influenced in part by Tesla's performance. The overall trend showed incremental gains for the week, but declines remain significant year-to-date.
Source: YAHOO