Latest in Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down
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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 losses deepen as Trump tariffs fuel 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 - 16h -
Auto sales are on a 'roller coaster ride' as tariffs are expected to increase prices
Trump's 25% tariffs on imported vehicles and upcoming 25% levies on auto parts are expected to add thousands of dollars to the costs of new cars and trucks.CNBC - 17h -
Oil drops further as fears of global recession rise
Trump welcomes fall in oil price as he signals he is pushing ahead with sweeping tariffsFinancial Times - 18h -
'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 - 8h -
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 - 19h -
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 delayedFinancial Times - 1d -
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 - 23h -
CEOs Cry Foul Over Trump’s Tariffs: ‘This Is Not What We Voted For’
As markets whipsaw and recession fears grow, businesses small and large are on edge amid tariff-induced uncertainty.Inc. - 16h -
Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’
Traders leaving the New York stock exchange were trying to make sense of another day of volatility – what comes next?. Traders leaving the New York stock exchange after the bell closed on Monday ...The Guardian - 4h -
Bitcoin drops to $74,000 before rebounding 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 - 16h -
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 - 16h -
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. - 3d -
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 UKFinancial Times - 18h -
4/7: CBS Evening News
Countries seek relief from Trump tariffs as recession fears grip market; These rural Texas high schools are teaming up to stay aliveCBS News - 3h -
Farm-state Republicans rocked by tariffs fear Trump lacks exit strategy
Republicans in Congress feel rattled about what they say is the lack of a clear outcome or exit strategy for President Trump’s trade war, which they fear will close lucrative markets for wheat, ...The Hill - 55m -
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 - 20h -
Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing
Walmart said its Walmart+ members account for about half its e-commerce sales, a key source of revenue as tariffs raise worries about the economy.CNBC - 1h -
What Trump’s Tariffs Will Mean for the Apparel Industry
Expect meaningful pullback in consumption if Trump’s tariffs do in fact stand.Inc. - 14h -
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 - 3d -
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 inflationFinancial Times - 1d -
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 -
Samsung boosts profits as customers stockpile chips ahead of tariffs
Analysts fear semiconductor and consumer electronics sales could stagnate over new dutiesFinancial Times - 7h -
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 - 1d -
Trump’s tariffs are ‘teeing up a nationwide recession’, says Chuck Schumer – US politics live
House democratic leaders also condemn tariffs as group backed by Trump allies mount legal challenge to stop tariffs. EU ministers are in Luxembourg to consider the European Union ’s response to ...The Guardian - 13h -
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 - 21h -
How Trump’s TikTok Negotiations Were Upended by China and Tariffs
The future of the popular video app is now at the center of a geopolitical tussle between Washington and Beijing.The New York Times - 10h -
Dow closes 349 points lower after roller coaster trading amid tariff fallout
President Donald Trump's tariffs stoked fears of a wider global trade war.ABC News - 12h -
Is the US heading for a recession? Three warning signs to watch
Michelle Fleury explains the factors to watch in the economy after President Trump’s tariff announcements.BBC News - 3h -
What Trump has said about tariffs as stock market reacts
As markets tumble and fears grow over a global trade war in response to President Trump's tariffs, he has advised Americans to "be strong" and "hang tough."CBS News - 12h -
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 tariffsFinancial Times - 1d -
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 - 1d -
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 - 3d -
European markets rebound despite trade war fears as Trump and China exchange tariff threats – business live
Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmail. How ‘liberation day’ rout compares with other notorious stock market ...The Guardian - 24m -
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 shareholdersFinancial Times - 1d -
Trump says he is 'not looking' to pause tariffs before this week's rollout, despite market uncertainty
President Donald Trump said he is not looking to pause his tariffs before they go into effect Wednesday, despite turmoil in the stock market and global economic fears.NBC News - 14h -
Bessent: Federal layoffs will help fill factory jobs created by Trump tariffs
Treasury Secretary Scott Bessent said the Trump administration is planning to boost U.S. manufacturing employment with policies meant to steer laid-off federal workers into factories. In an ...The Hill - 16h -
Pres. Trump ‘doubling down’ on negotiating for better tariff deals
NBC News Correspondents Gabe Gutierrez and Brian Cheung, CNBC Correspondent Bob Pisani and KPMG Chief Economist Diane Swonk join Meet the Press NOW to discuss the volatile markets as President ...NBC News - 14h -
The hopeful tariff endgame isn’t so hopeful
Even if Trump backs down he will have succeeded in building uncertainty, which is itself a sort of tariffFinancial Times - 6h