Reports indicate President Trump is pushing for steep 20% tariffs on most imports, sparking market jitters and causing stock futures to drop. In reaction, EU leaders have signaled readiness to impose countermeasures that could escalate into wider trade tensions, deepening global economic uncertainty.
President Donald Trump has dubbed April 2, the day many of his major tariffs will take effect, "Liberation Day." Still, the reality of the situation will be a lot less grandiose for everyday people.
European Commission President Ursula von der Leyen emphasized that "Europe holds a lot of cards," for retaliation.
President Trump names April 2 "Liberation Day" to announce tariffs, with economists speculating the EU—and possibly India and Brazil—will face new trade measures.
The post warns of a potential market correction after failing the 200-DMA test. Although early data suggested a bottom with rising momentum and bullish signals, tariff news reversed gains. Earnings remain robust, but careful portfolio rebalancing and risk management are advised.
President Donald Trump’s long-awaited reciprocal tariffs will be “effective immediately” after he announces them on Wednesday, according to the White House.Read more...
U.S. tariff history—from the 1800s to today—shows echoing economic harm: retaliatory tariffs, higher consumer prices, and industry pain. Despite past lessons, protectionism remains popular amid modern trade wars.
US equity futures dropped sharply after reports of potential 20% tariffs on most imports. Gold hit record highs as markets brace for Trump’s tariff announcement, amid rising uncertainty over trade policies and global economic risks.
The EU, led by von der Leyen, is ready to counter U.S. tariffs with firm measures, warning they could trigger a trade war that spurs stagflation and hurts global economies. She emphasized negotiation and collaboration to protect prosperity despite severe trade issues.
Stock futures fell premarket on Tuesday ahead of President Donald Trump’s tariff announcement on Wednesday. Measures tied to the S&P 500, Nasdaq 100 and and the Dow Jones industrial average all signaled a slightly lower open as of 7:37 a.m.Read more...
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