Showing posts with label Trumpcession. Show all posts
Showing posts with label Trumpcession. Show all posts
Tuesday, March 11, 2025
‘She’s Either Tragically Uniformed, or Lying’: Nicolle on Karoline Leavitt’s Responses to Tariffs
Australian and American Stock Markets Tumble Due to Trump’s Tariffs | 10 News First
THE NEW YORK TIMES:
Stocks Fall Again on Trump’s Latest Tariff Talk: Investors were shaken by President Trump’s latest tariff threat, dragging the S&P 500 down further after its worst day of the year. »
Monday, March 10, 2025
US Stocks Register Heavy Falls as White House Tries to Talk Up Trump Tariffs
THE GUARDIAN: Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020
The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos within the economy.
The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the tech-heavy Nasdaq dropped 4% as investors sold shares in the so-called “magnificent seven” – Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia and Tesla. Tesla’s shares had their worst day since September 2020, falling 15%.
The fall came a day after Trump skirted around questions about a potential recession on Sunday. Asked if he expected a recession, Trump said: “There is a period of transition, because what we’re doing is very big … It takes a little time, but I think it should be great for us.” » | Lauren Aratani in New York | Monday, March 19, 2025
The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos within the economy.
The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the tech-heavy Nasdaq dropped 4% as investors sold shares in the so-called “magnificent seven” – Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia and Tesla. Tesla’s shares had their worst day since September 2020, falling 15%.
The fall came a day after Trump skirted around questions about a potential recession on Sunday. Asked if he expected a recession, Trump said: “There is a period of transition, because what we’re doing is very big … It takes a little time, but I think it should be great for us.” » | Lauren Aratani in New York | Monday, March 19, 2025
US Shares Plunge amid Fears of Trump Recession
THE TELEGRAPH: Wall Street’s stock markets plunged amid fears Donald Trump’s tariff trade war will hammer American growth.
The tech-heavy Nasdaq Composite sank by 2.5pc to its lowest level since September after the US president said on Sunday that the world’s largest economy faces “a period of transition.”
The benchmark S&P 500 dropped 1.5pc and the Dow Jones Industrial Average fell as much as 1.2pc - a fall of more than 500 points - as Wall Street reassessed the outlook for the US economy.
Morgan Stanley warned the S&P 500 could drop another 5pc to 5,500 points by mid-year, having already slumped more than 3pc so far in 2025 and by more than 7pc from its peak in February. » | Chris Price | Monday, March 10, 2025
The "very stable genius" is doing rather well, I see! He's demonstrating his grasp of economics to the world. – © Mark Alexander
The tech-heavy Nasdaq Composite sank by 2.5pc to its lowest level since September after the US president said on Sunday that the world’s largest economy faces “a period of transition.”
The benchmark S&P 500 dropped 1.5pc and the Dow Jones Industrial Average fell as much as 1.2pc - a fall of more than 500 points - as Wall Street reassessed the outlook for the US economy.
Morgan Stanley warned the S&P 500 could drop another 5pc to 5,500 points by mid-year, having already slumped more than 3pc so far in 2025 and by more than 7pc from its peak in February. » | Chris Price | Monday, March 10, 2025
The "very stable genius" is doing rather well, I see! He's demonstrating his grasp of economics to the world. – © Mark Alexander
Sunday, March 09, 2025
Trump Declines to Rule Out Recession as Tariffs Begin to Bite
THE NEW YORK TIMES: President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”
President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession.
In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Mr. Trump also said that he was considering increasing tariffs against Mexico and Canada. The interview took place on Thursday at the White House.
Referencing “rising worries about a slowdown,” Ms. Bartiromo asked Mr. Trump: “Are you expecting a recession this year?”
“I hate to predict things like that,” Mr. Trump responded. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
Mr. Trump’s imposition of sweeping tariffs on Canada, Mexico and China last week rocked stock markets and invited pushback from industries, including the largest automakers, who told the president that the duties would decimate their business. Canada immediately retaliated with tariffs on $20.5 billion worth of American exports and threatened additional measures. China has also placed tariffs on U.S. goods and plans to impose another round on Monday. » | Luke Broadwater, Colby Smith and Ana Swanson | Sunday, March 9, 2025
President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession.
In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Mr. Trump also said that he was considering increasing tariffs against Mexico and Canada. The interview took place on Thursday at the White House.
Referencing “rising worries about a slowdown,” Ms. Bartiromo asked Mr. Trump: “Are you expecting a recession this year?”
“I hate to predict things like that,” Mr. Trump responded. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
Mr. Trump’s imposition of sweeping tariffs on Canada, Mexico and China last week rocked stock markets and invited pushback from industries, including the largest automakers, who told the president that the duties would decimate their business. Canada immediately retaliated with tariffs on $20.5 billion worth of American exports and threatened additional measures. China has also placed tariffs on U.S. goods and plans to impose another round on Monday. » | Luke Broadwater, Colby Smith and Ana Swanson | Sunday, March 9, 2025
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