Tariffs are an ‘act of war,’ Buffett says. What they mean for the stock market.
2 weeks, 3 days ago

Tariffs are an ‘act of war,’ Buffett says. What they mean for the stock market.

Live Mint  

Berkshire Hathaway’s legendary CEO Warren Buffett says that tariffs are an “act of war" that could further worsen inflation. “From my lens, the Trump honeymoon period with the markets is over," writes Rosenberg Research’s Dave Rosenberg, noting that only 8% of S&P 500 stocks are at new 52-week highs, far below the 25% that were at that peak in early November. “The apparently measured start to Trump 2.0 tariff diplomacy featuring easy wins, delayed implementation and a soft approach on China fuelled investor complacency that there would be negotiated settlements in place of the aggressive tariffs threatened during the election campaign," notes TS Lombard’s Jon Harrison. “Continuous negotiations on Trade War 2.0 and the uncertainty alone are headwinds to the S&P 500," argues Evercore ISI’s Julian Emanuel. “Trade policy that creates a consumer demand shock—assuming the current threats are implemented—at a time when US economic growth is already slowing increases the odds of a negative feedback loop developing in the economy," writes 22V Research’s Dennis DeBusschere.

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History of this topic

US stock market tumbles again as Trump threatens tariffs on wine
1 week, 1 day ago

US stock market tumbles again as Trump threatens tariffs on wine

Al Jazeera  

Benchmark S&P 500 falls 1.39 percent, dragging index more than 10 percent below its February peak. The United States’ stock market has taken another tumble following US President Donald Trump’s threat to impose steep tariffs on wine and other alcoholic products from the European Union. This is a material change.” In his latest trade salvo on Thursday, Trump threatened to …

How Trump’s trade war could quickly spiral out of control
1 week, 2 days ago

How Trump’s trade war could quickly spiral out of control

CNN  

New York CNN — It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle. Tariffs are ‘Trump’s Windex’ The trade war escalation has alarmed investors, CEOs and economists — not to mention a growing chunk of the American public. But I do have to say that in this case, the US …

How Trump’s trade war could quickly spiral out of control
1 week, 2 days ago

How Trump’s trade war could quickly spiral out of control

CNN  

New York CNN — It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle. Tariffs are ‘Trump’s Windex’ The trade war escalation has alarmed investors, CEOs and economists — not to mention a growing chunk of the American public. But I do have to say that in this case, the US …

Trump defends tariff decisions as hardline trade agenda spooks markets and allies
1 week, 4 days ago

Trump defends tariff decisions as hardline trade agenda spooks markets and allies

CNN  

Washington CNN — President Donald Trump waited to appear in public on Tuesday until the final hour of trading on Wall Street, when he stepped out of the Oval Office to forcefully defend his whipsaw tariff decisions that have roiled the financial markets. Earlier in the day, the White House touted fresh job-creating investments and blamed policies of the Biden …

Why Trump’s tariff chaos sparked stock market meltdown and recession fears
1 week, 4 days ago

Why Trump’s tariff chaos sparked stock market meltdown and recession fears

Al Jazeera  

Donald Trump has downplayed the stock market volatility which followed flip-flops over his trade policies. United States stock markets plummeted on Monday amid fears that President Donald Trump’s tariff policies might drive the world’s largest economy into recession. The market selloff comes as Trump’s back-and-forth tariff announcements have unnerved investors and stoked fears that the US economy could be headed …

This is no way to run a trade war
1 week, 4 days ago

This is no way to run a trade war

Live Mint  

Thousands of U.S. companies opened for business on Friday with no idea whether they had to pay tariffs. But when he defends his tariffs on Canada, Mr. Trump cites America’s trade deficit and claims revenue from the tariffs will pay for tax cuts. Faced with Mr. Trump’s tariff threats, Canadian, Mexican and European officials have indicated that they are open …

Tariff uncertainty clobbers US markets, Nasdaq crashes 10%, S&P slides
2 weeks, 1 day ago

Tariff uncertainty clobbers US markets, Nasdaq crashes 10%, S&P slides

India Today  

Wall Street’s sell-off kicked back into gear on Thursday, and a US stock market rattled by the whiplash created by President Donald Trump’s tariffs and uncertainty about the economy fell sharply. “But even if they are ultimately removed, we anticipate lasting damage to global economic activity.” When asked whether his delays on tariffs reflected the slump for the stock market, …

How will Donald Trump’s tariff policy dictate Wall Street and global markets? EXPLAINED
Trending News
2 weeks, 2 days ago

How will Donald Trump’s tariff policy dictate Wall Street and global markets? EXPLAINED

Live Mint  

Trump tariffs impact: Wall Street's main indexes edged up on Wednesday, after better-than-expected services data allayed worries of a slowdown in the U.S. economy, while investors awaited a potential softer approach from President Donald Trump on trade policy. The S&P 500 was basically unchanged in morning trading after losing 6% since setting its all-time high last month and returning to …

DC Edit | Trump’s Tariffs to Hurt Most Nations, US
2 weeks, 2 days ago

DC Edit | Trump’s Tariffs to Hurt Most Nations, US

Deccan Chronicle  

The sage of Omaha, Warren Buffett, has said that the new US tariff regime is an “act of war”. Economic wisdom has it that tariffs will hurt the world, including the US where the inflation could run away to double the current three per cent to six per cent. Impressive as it may have seemed when it played out on …

Mint Quick Edit | Trump’s trade war has flared up
2 weeks, 3 days ago

Mint Quick Edit | Trump’s trade war has flared up

Live Mint  

When Warren Buffett lambasted US President Donald Trump ’s imposition of tariffs as “an act of war to some degree," he wasn’t wrong. As an additional 10% tariff on China came into force on Tuesday—on top of 10% slapped on it earlier—China announced reciprocal tariffs on a raft of American agricultural and other products. Europe may be Trump’s next target …

Warren Buffett slams Trump tariffs: 'They're an act of war'
2 weeks, 4 days ago

Warren Buffett slams Trump tariffs: 'They're an act of war'

India Today  

Billionaire investor Warren Buffett has some strong words about US President Donald Trump's newly-imposed tariffs, calling them "an act of war". “Tariffs are actually—we've had a lot of experience with them—they're an act of war, to some degree,” Buffett said in an interview with CBS that aired on Sunday. The back-and-forth has raised fears of another trade war, with China …

Trump's tariffs spark trade war: Will global economy pay a heavy price?
Trending News
2 weeks, 4 days ago

Trump's tariffs spark trade war: Will global economy pay a heavy price?

India Today  

The global economy stands at a precipice. As his tariffs came into effect, stock markets around the world saw a sharp rise in volatility and Wall Street's major indices crashed. Global supply chains, still bearing the scars of Covid-19 pandemic disruptions, now face fresh fractures as major economies prepare countermeasures. For instance, Wall Street has experienced significant losses across major …

Trump tariff threats have turned the stock market’s winners and losers upside down
2 weeks, 5 days ago

Trump tariff threats have turned the stock market’s winners and losers upside down

Live Mint  

President Trump’s tariffs on top U.S. trading partners are set to take effect in coming days. Markets were jolted last week after Trump said tariffs on goods from Canada and Mexico, along with an additional 10% tariff on Chinese goods, would take effect Tuesday. David Waddell, chief executive of investment firm Waddell & Associates, says his firm added exposure to …

Wall Street takes Trump’s latest tariff threats in stride, and indexes rise
Trending News
1 month, 1 week ago

Wall Street takes Trump’s latest tariff threats in stride, and indexes rise

LA Times  

Trader Peter Mancuso works on the floor of the New York Stock Exchange last week. U.S. stocks rose Monday as Wall Street took President Trump’s latest threat on tariffs in stride. The Standard & Poor’s 500 climbed 0.7%, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy. …

'Whoa, look at that!' CNN expert staggered as he watches stocks plunge in real-time
1 month, 2 weeks ago

'Whoa, look at that!' CNN expert staggered as he watches stocks plunge in real-time

Raw Story  

The financial markets are reacting poorly to President Donald Trump's weekend imposition of stiff trade tariffs against Canada, Mexico and China — and a CNN expert was left dumbfounded as he watched it unfold live. The Dow Jones, NASDAQ, and S&P 500 all opened down on Monday, and continued to plummet following Trump's sweeping tariffs that most experts agree have …

Trump tariffs shake Asian markets as new trade war worries grow – Firstpost
1 month, 2 weeks ago

Trump tariffs shake Asian markets as new trade war worries grow – Firstpost

Firstpost  

Analysts said Asian markets were bracing for volatility set off by a possible trade war escalation People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo. AP Asia shares mostly fell in Monday trading as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners. Analysts said Asian …

Stock markets slide around the world as Trump’s tariffs rattle investor confidence
1 month, 2 weeks ago

Stock markets slide around the world as Trump’s tariffs rattle investor confidence

CNN  

Hong Kong/London CNN — Stock markets in Asia and Europe slumped Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears over another bruising ‘America First’ trade war that could hit global economic growth. Japan’s Nikkei stock index closed 2.7% lower and South Korea’s KOSPI was 2.5% down at market close. On Sunday evening, Trump also threatened …

Stock markets slide around the world as Trump’s tariffs rattle investor confidence
1 month, 2 weeks ago

Stock markets slide around the world as Trump’s tariffs rattle investor confidence

CNN  

Hong Kong/London CNN — Stock markets in Asia and Europe slumped Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears over another bruising ‘America First’ trade war that could hit global economic growth. Japan’s Nikkei stock index closed 2.7% lower and South Korea’s KOSPI was 2.5% down at market close. On Sunday evening, Trump also threatened …

US stocks slump after Trump commits to impose tariffs
1 month, 3 weeks ago

US stocks slump after Trump commits to impose tariffs

China Daily  

NEW YORK - US stocks dived on Friday, after the White House confirmed that tariffs on Mexico and Canada would take effect on Saturday. On social media, Trump also warned BRICS countries that they will face 100 percent tariffs if they replace the dollar with their own joint currency or another. The December personal consumption expenditures price index, the Federal …

Stock market drops immediately after White House announces looming tariffs on Canada, Mexico
1 month, 3 weeks ago

Stock market drops immediately after White House announces looming tariffs on Canada, Mexico

Salon  

Donald Trump's promised tariffs on Canada and Mexico won't go into effect until Saturday, but they're already having a noticeable effect on the U.S. economy. All three of the most popular stock indices fell in the wake of White House Press Secretary Karoline Leavitt's announcement of the 25% tariffs on imported goods on Friday. "The president will be implementing tomorrow …

US stocks rally on Trump’s delayed tariff plan
2 months ago

US stocks rally on Trump’s delayed tariff plan

CNN  

New York CNN — US stocks closed higher Tuesday after the first full day of Donald Trump’s second presidency, as traders absorbed a blizzard of executive orders that so far point to less aggressive action on trade. “President Trump’s Inauguration Day policy announcements on tariffs were more benign than expected,” Alec Phillips, chief US political economist at Goldman Sachs, said …

A battle is brewing over tariffs among Trump’s team
2 months, 2 weeks ago

A battle is brewing over tariffs among Trump’s team

CNN  

CNN — President-elect Donald Trump is still pushing for universal tariffs on imports from overseas as his trade advisers are working to craft a strategy to translate his campaign pledges into policy, according to multiple people familiar with the matter. In private discussions, aides are still focused on drawing up plans that hew closely to the blanket tariffs Trump proposed …

US stock market surges to record high despite Trump’s tariff threats
3 months, 3 weeks ago

US stock market surges to record high despite Trump’s tariff threats

Al Jazeera  

The S&P 500 rises 0.57 percent after US president-elect’s tariff announcements roil European and Asian markets. US stocks have hit record highs despite United States President-elect Donald Trump’s pledge to impose sweeping tariffs that threaten to upend international trade. Some big-name individual stocks fell, including General Motors and Ford Motor, both of which import vehicles from Mexico, a target of …

Trump says he will raise tariff rates on Chinese goods in furious rant as trade war escalates
5 years, 6 months ago

Trump says he will raise tariff rates on Chinese goods in furious rant as trade war escalates

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The announcement, which came five hours after Mr Trump “ordered” US companies to withdraw …

Goldman Sachs thinks the trade war will drag on until after the 2020 election
5 years, 7 months ago

Goldman Sachs thinks the trade war will drag on until after the 2020 election

CNN  

New York CNN Business — The trade war between the United States and China has sharply intensified in recent days, raising the risk that the bruising battle will drag on through the 2020 presidential election. Goldman Sachs warned clients on Monday that a trade agreement “now looks far off” because officials in Washington and Beijing are “taking a harder line.” …

Recession to hit within a year, if trade war gets worse, says Morgan Stanley
5 years, 9 months ago

Recession to hit within a year, if trade war gets worse, says Morgan Stanley

Live Mint  

London: Investors may still be underestimating the full risk to the global economy from a trade war, even after the US stocks capped the worst month of the year. A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on an additional $300 billion of Chinese exports and China retaliates with …

Trade war: US stock markets fall sharply after Trump imposes new tariffs on China
5 years, 10 months ago

Trade war: US stock markets fall sharply after Trump imposes new tariffs on China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Trade tensions worsened last week when the Trump administration …

U.S.-China Trade War Fears Send Global Stock Markets Tumbling
6 years, 11 months ago

U.S.-China Trade War Fears Send Global Stock Markets Tumbling

NPR  

U.S.-China Trade War Fears Send Global Stock Markets Tumbling Enlarge this image toggle caption Koji Sasahara/AP Koji Sasahara/AP Updated at 4:54 p.m. ET Major stock indexes around the world fell Friday amid continuing worries that the U.S. and China are about to enter into a trade war. "Investors are rattled about the economic and inflation impacts of tariffs and a …

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