Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down

A key dollar index fell about 3% in the 24 hours surrounding Trump's tariff announcement and is now back to pre-election levels.

CNBC - 1d

U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

U.S. oil prices dropped below $60 a barrel as the global market sell-off on recession fears fueled by President Donald Trump's tariffs escalated.

CNBC - 1h

Oil drops further as fears of global recession rise

Trump welcomes fall in oil price as he signals he is pushing ahead with sweeping tariffs

Financial Times - 35m

'This is the Trump recession,' CEOs say, with tariff price increases, job losses coming: CNBC survey

CEOs expect a recession, price hikes and job losses as a result of President Trump's tariffs, according to a flash survey of CNBC CEO Council members.

CNBC - 1h

Dimon: Trump tariffs will boost prices, weigh down economy

JPMorgan Chase CEO Jamie Dimon warned investors that the U.S. economy is facing "considerable turbulence" due to President Trump's escalating trade war, which could slow down growth and lead to a ...

The Hill - 2h

Trump’s Tariffs Put the Fed in an Impossible Corner

Stakes are rising as Jerome Powell weighs recession concerns with inflation fears.

Inc. - 3d

Trump officials vow to stay the course on tariffs despite market turmoil

Treasury secretary rejects recession fears and says tough ‘reciprocal’ levies will not be delayed

Financial Times - 19h

Trump: Tariffs sparking investment in US

President Trump late Sunday defended his tariff plan amid recession fears, saying they are sparking investment in the United States. Trump spoke aboard Air Force One, where he said he was elected ...

The Hill - 5h

Bitcoin drops below $80,000 as cryptocurrencies join global market rout

Bitcoin broke below $80,000 as rattled investors braced for further carnage after Trump's tariffs raised global recession fears.

CNBC - 50m

Restaurant stocks fall as investors fear recession, sales slowdown

Restaurant stocks, from McDonald's to Chipotle, fell as investors fear a recession is coming.

CNBC - 18m

ECB expected to cut rates in April and June as tariffs threaten recession

Growing concern about growth and deflationary pressure predicted to force central bankers’ hands in Eurozone and UK

Financial Times - 52m

JPMorgan Says ‘There Will Be Blood’ as Stocks Tumble and Recession Odds Grow to 60 Percent

Fed warns of ‘highly uncertain outlook’ as JPMorgan and other analysts increase recession odds in response to Trump’s tariff war.

Inc. - 2d

Goldman Sachs hikes recession probability to 45 percent

Goldman Sachs analysts are again raising the odds of a recession as markets continue to reel in the wake of President Trump’s sweeping tariff actions. The bank warned in a new report on Sunday that ...

The Hill - 2h

US stocks climb, reversing deep losses as Trump signals tariff negotiations

President Donald Trump's tariffs stoked fears of a wider global trade war.

ABC News - 2h

Argentina's Milei doubles down on Trump bromance as the world reels from trade shock

While the world’s leaders were wringing their hands over President Donald Trump’s announcement of sweeping tariffs on U.S. imports, Argentina’s right-wing president was ebullient, feted at Trump’s ...

ABC News - 2d

Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.

The New York Times - 2d

Trump tariffs risk large euro-area ‘demand shock’, Greece’s central bank governor warns

Yannis Stournaras says looming trade war will drag on growth and inflation

Financial Times - 13h

Trump defends tariffs as markets plunge: 'I don't want anything to go down'

President Trump on Sunday defended his sweeping tariffs amid plunging markets, saying he did not “want anything to go down.” “When you look at the trade deficit we have with certain countries, with ...

The Hill - 16h

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

Jamie Dimon is the first Wall Street CEO to publicly address President Trump's sweeping tariff policy as global markets tumble.

CNBC - 3h

Americans Wrestle With How Trump’s Tariffs May Change Shopping Lists

In the first weekend since President Trump unveiled broad tariffs, many shoppers sought to get ahead of expected price increases, while others showed patience.

The New York Times - 17h

7 Americans Weigh In on Trump’s Sweeping Tariffs

Voters were bracing for the effects of President Trump’s recent tariffs in their own lives, but some said they were, for now, waiting and watching to see how all of this plays out.

The New York Times - 2d

How the EU could boost its defence capabilities with an arms-buyers’ club

Also in this newsletter: Why Meloni holds the keys to the EU response to Trump’s tariffs

Financial Times - 12h

JPMorgan chief Dimon warns trade war risks recession and higher prices

Donald Trump’s tariffs could cause long-lasting damage to US alliances, Wall Street banker tells shareholders

Financial Times - 6h

Trump officials defend tariffs amid market, conservative unrest

Trump administration officials fanned out across the media talk shows on Sunday to defend tariffs imposed by the president on just about every country on Earth. The reciprocal tariffs were long ...

The Hill - 20h

‘A lot of red:’ Markets fall again following Trump tariff announcement

President Trump is doing little to calm investors as analysts at JPMorgan warn of a global recession. NBC News Correspondents Yamiche Alcindor and Brian Cheung, CNBC Reporter Steve Liesman and ...

NBC News - 2d

Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement

The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.

The New York Times - 11h

Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss

Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too long. European markets slump Business live – latest updates The JP Morgan chief executive, Jamie Dimon, ...

The Guardian - 4h

Commerce Secretary Lutnick doesn't back down in face of market sell-off: 'The tariffs are coming'

Commerce Secretary Howard Lutnick said the Trump administration remains committed to implementing its reciprocal tariffs amid a global market sell-off.

CNBC - 6h

Trump’s tariffs may be perilous for small, heavily indebted countries in global south

Garment workers in countries such as Cambodia among those who fear they will lose pay cheques if companies move production elsewhere. “This is very messed up. If Trump wants Cambodia to import more ...

The Guardian - 1d

Live Updates: Trump Threatens China With More Tariffs Unless Beijing Retreats

The S&P 500 swung wildly after more losses in Asia and Europe. President Trump said he would not back off his trade war, reinforcing fears of a global economic downturn.

The New York Times - 7m

‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries

Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.

The New York Times - 2d

Caribbean is friend of US, not an enemy, regional leaders say over Trump’s tariffs

Barbados PM and Caricom chair calls on Washington to engage in talks to ‘keep prices down for all of our people’. The Caribbean is a friend, not an enemy, leaders in the region have told Donald ...

The Guardian - 54m

In Miami, Venezuelan-born Entrepreneurs Are Fearful

The economy has always benefitted from immigrants. They now feel targeted by the Trump administration.

Inc. - 45m

Bessent: 'More than 50 countries' approached administration to lower tariffs, trade barriers and halt 'currency manipulation'

Treasury Secretary Scott Bessent claimed Sunday that “more than 50 countries” have approached the Trump administration to bring down “non-tariff trade barriers,” reduce tariffs, and halt “currency ...

The Hill - 19h

Latest in Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down

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