Trump, tariffs and Stock market
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The S&P lost an estimated $2 trillion in value as it fell to its lowest point since before Trump's election in November, according to CNBC.
From USA TODAY
Countries seeking to sell goods to the United States will now face taxes as high as 54% based on how the White House is calculating duties on U.S. exports.
From NBC News
Rep. Brendan Boyle (D-PA) joins José Díaz-Balart to share his reaction to the economic decision, saying it doesn’t make “any rational sense whatsoever.”
From MSNBC
Read more on News Digest
Wealth management advisors say the full effects of the tariffs are yet to be seen, but some worry the impact will be catastrophic.
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Investor's Business Daily on MSNDow Jones Futures Fall: Trump Tariffs Slam Stock Market, With Another Wave Coming. Tesla Deliveries Loom.Dow Jones futures fell Sunday evening, along with S&P 500 futures and Nasdaq futures. A new wave of Trump tariffs is on tap, along with deliveries from Tesla and Chinese rivals. The March jobs report closes out the coming week.
Stock market indices declined as investors continued to register concern about Donald Trump's tariffs and weak consumer sentiment.
U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend.