Latest in Trump downplays recession fears as Canada hits U.S. with retaliatory tariffs
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Stocks sink as investors fret over volley of tariffs
U.S. stocks resume slide as President Trump threatens to hit the European Union with 200% tariff.CBS News - 17h -
Blackstone and Goldman Sachs CEOs see upsides to Trump’s policies
Comments from Wall Street bosses come as president’s import tariffs fuel US recession fearsFinancial Times - 1d -
Tuesday Briefing: U.S. Recession Fear Rattles Markets
Plus, how a leader’s gambit failed.The New York Times - 3d -
Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor
President Donald Trump also declared that if Canada does not lift other tariffs on the U.S., he will "substantially increase" auto import tariffs next month.CNBC - 2d -
Top shipping broker Clarksons says war and Trump tariff fears have hit revenues
Shares in FTSE 250 company fall by nearly a fifth as geopolitical turmoil pushes down freight rates. Business live – latest updates The world’s biggest ship broker has warned that geopolitical ...The Guardian - 3d -
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump’s tariff policies will be worth it, even if the economy ends up in a recession. In an interview that aired Tuesday, CBS News’s ...The Hill - 2d -
Top diplomats from G7 countries meet in Canada as Trump threatens more tariffs on US allies
Top diplomats from Group of 7 have held a first day of talks in Canada as U.S. President Donald Trump's trade and foreign policies have thrown the bloc's once solid unity into disarrayABC News - 10h -
S&P 500 gets closer to correction territory Tuesday as investors grapple with Trump tariff fears
The U.S. stock market is struggling with soured sentiment over President Donald Trump’s tariffs, with the S&P 500 attempting to rebound from a big slump that left it near correction territory.MarketWatch - 2d -
Can Trump's tariff threats have an economic impact before they're imposed?
President Trump is threatening to put new tariffs on European alcohol. Meanwhile, Commerce Secretary Howard Lutnick held talks with Canada's finance minister and Ontario's premiere on the tariff ...CBS News - 11h -
Trump doubles down on tariffs threat amid market downturn
President Trump is doubling down on his widespread tariffs threats despite a stock market downturn that has helped fuel anxiety the nation could slide into a recession. Trump escalated the tit for ...The Hill - 2d -
CNBC Daily Open: The U.S. and Canada skirmish over tariffs, roiling markets
The White House engaged in a brief trade war with Canada on Tuesday over energy surcharges and steel tariffs. Cooler heads prevailed but markets weren't calmed.CNBC - 2d -
Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet
Economists say Trump is proving to be an "agent of chaos" with his unpredictable trade tariff policies but a downturn isn't in the cards just yet.CNBC - 3d -
Trump's trade war escalates with international tit-for-tat
The European Union is hitting back at President Donald Trump’s new levy on all foreign aluminum and steel by announcing retaliatory tariffs on American products worth billions of dollars. President ...NBC News - 23h -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - 3d -
President Trump threatens additional tariffs on Canada, European Union
The trade war is escalating as President Trump says he may impose additional tariffs on Canada and the EU. Canada has put 25% reciprocal tariffs on nearly $21 billion worth of American imports, ...CBS News - 21h -
Tesla warns Trump administration it is ‘exposed’ to retaliatory tariffs
Elon Musk’s electric-car maker says levies could make it costlier to produce vehicles in the USFinancial Times - 14h -
Starmer says 'all options on table' on US tariffs
Canada and the EU have announced retaliatory tariffs but UK will take a "pragmatic" approach, the prime minister said.BBC News - 1d -
The U.S. Agreed to Resume Military Aid to Ukraine
Also, Trump walked back a plan to double metal tariffs on Canada. Here’s the latest at the end of Tuesday.The New York Times - 2d -
Latest news on stock markets plunging amid fears of a recession
U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...CBS News - 3d -
President Trump doesn't rule out a recession amid tariffs against allies
President Trump on Sunday defended his tariffs against some of the United States' allies. However, the continental trade war has rattled global markets and sparked concerns about a possible ...CBS News - 3d -
Trump to increase steel and aluminum tariffs on Canada in response to electricity surcharge
President Trump on Tuesday said his administration will increase planned steel and aluminum tariffs against Canada in response to an electricity surcharge the Ontario government imposed in the ...The Hill - 2d -
Trade partners impose new tariffs on U.S.
Both Canada and China launched new tariffs on the U.S. today in the escalating international trade war. Canada targeted energy exports and China’s focus is on agricultural goods. NBC News’ Kelly ...NBC News - 3d -
Is the US really heading into a recession?
Stock market falls, tariffs and other changes are reigniting fear of economic downturn in the US.BBC News - 1d -
China hits US farm goods with tariffs as trade war escalates
Beijing’s retaliatory measures target $22bn of agriculture products as well as timberFinancial Times - 4d -
Tariffs could impact longstanding electricity trade between US and Canada
The tariffs the Trump administration is imposing on Canada could disrupt the longstanding trade of electricity between the two countries.ABC News - 2d -
Wall Street Sinks as Recession Fears Loom
Last week’s steep sell-off resumed, with all three major U.S. indexes suffering sharp declines.Inc. - 3d -
Fetterman on Trump tariffs: We don't have to 'punch' allies 'in the mouth'
Sen. John Fetterman (D-Pa.) said he disagrees with President Trump’s approach to tariffs on Canada and Mexico, calling it a blow to the U.S.'s working relationship with its allies. “Truthfully, I ...The Hill - 1d -
Markets plummet after Trump doesn't rule out recession
Markets plummeted Monday as investors expressed fear of an economic slowdown. In an interview that aired Sunday, President Trump was asked point blank if he's expecting a recession this year, and ...CBS News - 3d -
Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents
The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.The New York Times - 2d -
Wall Street sell-off amid economic uncertainty, Trump weighs in on looming government shutdown
Wall Street is looking to rebound on Tuesday after recession fears and confusion about President Trump's tariffs caused a market plunge on Monday. Meanwhile, the clock is ticking on Capitol Hill ...CBS News - 2d -
Canada slaps electricity tariffs on New York, Minnesota, Michigan
The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada. This surcharge will affect ...The Hill - 3d -
Oil ends higher, a day after tariff-induced recession fears pulled prices to 6-month lows
Oil futures finished higher Tuesday, a day after ending at six-month lows as fears of a global economic slowdown from rising trade tensions prompted a global selloff for equities and other assets ...MarketWatch - 2d -
Trump doesn't rule out recession, rising inflation
In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...CBS News - 4d -
G7 meetings kick off as world reacts to Trump's tariffs
Secretary of State Marco Rubio is representing the U.S. during the Group of 7 meetings in Canada. This comes as President Trump's tariffs cause concern around the world. Touria Izri, a Global News ...CBS News - 15h -
Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy
Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...CBS News - 3d -
Commerce secretary says Trump's policies are "worth it" even if they lead to recession
President Trump backed off doubling Canadian steel and aluminum tariffs after Ontario suspended a 25% electricity surcharge on several U.S. states. Nancy Cordes talked to Commerce Secretary Howard ...CBS News - 2d -
Markets open down again, Trump announces more tariffs against Canada
Traders on Wall Street hoping to rally back after Monday's major selloff are starting Tuesday with another dip. Meanwhile, President Trump has announced additional tariffs for Canada. CBS News' ...CBS News - 2d -
Trump raises Canada tariffs to 50% after Ontario threatens electricity surcharge
President Donald Trump said he will double the tariffs imposed on steel and aluminum imported from Canada after the province of Ontario announced surcharges on electricity going into New York, ...NBC News - 2d -
Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month
Many imports from Canada and Mexico will be exempt from tariffs, as the president quickly reversed a sweeping trade action taken just two days ago after market turmoil.The New York Times - 5d -
Explaining the stock market uncertainty amid tariff back-and-forths with Canada
Economic uncertainty looms over Wall Street after a back-and-forth between the U.S. and Canada on tariffs. On Wednesday, the U.S. will impose 25% tariffs on all steel and aluminum imports. CBS ...CBS News - 2d