Trump, Stock markets and import tariffs
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JPMorgan have estimated a 60% likelihood of a recession, while Goldman Sachs and Morningstar put the odds between 40% and 50%.
From Austin American-Statesman
U.S. President Donald Trump said on Tuesday the United States is taking in $2 billion per day from tariffs.
From Reuters
China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. P...
From Reuters
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1don MSN
Wall Street's top minds aren't happy about Trump's latest tariffs, which have fueled the worst stock sell-off since 2020.
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Home prices could fall across if the U.S. enters a recession this year, but only because many buyers would drop out of the market.
The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan.
Goldman Sachs cut its S&P 500 target and raised its recession forecast. The bank now sees a 35% chance of a recession in the next 12 months.
Market indices - Sensex and Nifty 50, faced a sharp selloff on Monday, as growing global trade tensions and increasing recession concerns in the US unsettled equity markets across the globe.
U.S. stock index futures struggled on Wednesday after a heavy sell-off in the previous session, as President Donald Trump's reciprocal tariff took effect, deepening worries about their damage to the global economy.