Trump, tariffs and global markets
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President Donald Trump's tariff plan is making stock market history — and Wall Street is reeling.
From Insider
Congress could stop the tariffs at any time.
From HuffPost
Mr Ackman said the American leader now had "an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our co...
From BBC
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Trump, Elon Musk and tariffs
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Impacts
Billionaires are feeling the burn amid the fallout from Trump’s tariff announcement—with the stock market crash resulting in names like Warren Buffett, Larry Ellison, and Mark Zuckerberg all losing bi...
From Fortune
Asian and European shares also plunged as investors feared the duties Trump has likened to "medicine" could lead to higher prices, weaker demand and potentially a global recession.
From Reuters
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Upon Donald Trump's return from three consecutive days of golfing in Florida, the president urged Americans to not be 'panican,' which he defined as 'a new party based on Weak and Stupid people!' The
A video Trump shared claims he's crashing the market on purpose to lower interest rates and help refinance our national debt.
Stock indexes have been posting records recently -- but not the kind of records investors like. The S&P 500 on Friday delivered its worst performance since the start of the pandemic back in 2020. And both the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq (NASDAQINDEX: ^IXIC) on March 31 completed their worst quarter since 2022.
Despite a video shared by Trump on Truth Social stating a market crash was part of his economic strategy, Kevin Hassett refuted the claim on ABC's "This Week."
The stock market crash of October 1929 signaled the end of the "Roaring Twenties" and the beginning of the Great Depression. This was the second day of the big drop, known as "Black Tuesday," which began one day earlier and occupies the next spot on this list. 3.) Oct. 28, 1929 (-38.33, -12.82%)
Indeed, the Tax Foundation estimates President Trump's tariffs will cost the average U.S. household $2,100 in 2025 alone. The nonpartisan group also estimates Americans will pay a cumulative $3.1 trillion over the next decade as companies pass along cost increases to consumers.
The trading curbs go into effect when the S&P 500 crosses certain thresholds during extreme market volatility.
Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."
While there are a few concerns that have investors' attention at the moment, including a forecasted contraction in first-quarter gross domestic product, along with the historic priciness of stocks, perhaps the prevailing issue for the stock market is President Donald Trump's tariff policy.