Analysts expect tariffs on the EU, a key trading partner for the U.S., to settle at around 18% as recession expectations hit more than 40%.
11don MSN
Tariffs on industrial sectors like cars and microchips are no longer expected to be announced on April 2.
President Donald Trump privately tells advisers that tariffs represent a generational opportunity to transform the U.S. economy.
Hedge funds have shed technology stocks at the fastest pace in six months, according to data from Goldman Sachs.
But Wall Street analysts warn that more sharp swings are likely ahead of next week’s tariff deadline. That’s what Trump has called “Liberation Day,” when he will begin tariffs on trading ...
One day after comparing Trump's economic policies to those of Jimmy Carter, the CNBC host invoked the ghost of the Great Depression in his warnings against tariffs.
The S&P 500 was down 3.4% and the Dow Jones Industrial Average was down more than 1,100 points or 2.6% at 12:40 p.m.