Markets react to Trump's 'Liberation Day' tariffs
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The Wall Street Journal |
Worries about tariffs and the economy sent the S&P 500 and Nasdaq Composite on Monday to their worst quarters since 2022.
Reuters |
U.S. President Donald Trump goes through many of the rates at which his administration plans to impose tariffs on countries around the world in response to their tariffs on the U.S.
USA Today |
China faces the highest tariff rates, with 34% on its imports. That's in addition to existing tariffs of 20%, which puts the total at 54%.
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Here are some notable moves across sectors in global markets, following President Trump’s “Liberation Day” tariffs. 🍾 Alcoholic drinks Some investors turned to drink: Scotch producer Diageo and Aperol maker Campari were among the few risers in Europe.
Wall Street futures plunged Thursday morning after President Donald Trump unveiled a historic batch of reciprocal tariffs that could fuel an all-out trade war and batter economies around the world. Futures tied to the Dow Jones Industrial Average lost 1,214 points, or 2.86%, by about 9 a.m. ET.