Trump imposes new tariffs on most trading partners now
President Donald Trump announced sweeping tariffs aimed at most trading partners, with a 34 percent levy on Chinese goods and 20 percent on the EU, plus a 10 percent baseline on imports from all countries, sparking fears of a global trade dislocation and higher consumer prices. The move, enacted via executive authority, pledges hundreds of billions in revenue but risks slowing the economy and straining alliances while prompting debates about inflation and political backlash.
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Trump pressures Senate GOP to oppose anti-tariff resolution
President Trump urges four Republican senators to back a Democratic plan nullifying his emergency on fentanyl and tariffs on Canada. The bid, backed by Kaine and Schumer, tests GOP loyalty to his trade strategy amid fears of economic harm and bipartisan resistance.
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Wall Street ends volatile day ahead of tariffs reveal
U.S. stocks finished higher after a choppy session as traders weighed President Trump’s tariff plan. The S&P 500 rose 0.7 percent and the Dow gained 235 points while the Nasdaq climbed 0.9 percent. Tesla swung after a mixed delivery report but ended up 5.3 percent on speculation about Musk stepping back from a government role. UBS strategists said tariff uncertainty may be easing, even as Deckers Outdoor, Lululemon and Williams-Sonoma fell after hours. ADP data signaled solid hiring, offering a hopeful preview for Friday’s government jobs report.
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