Tag Archives: United States Economy

President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries that he would pause them for 90 days. But the president did not back down on China and instead raised …

As new U.S. tariffs upended financial markets and sent foreign governments scrambling to respond, President Trump on Wednesday morning remained ebullient, posting at one point on Truth Social: “BE COOL!” “Everything is going to work out well,” he maintained amid the unfurling chaos. “The USA will be bigger and better than ever before!” For Mr. Trump, the reassurances offered a …

The timing was a bit awkward. Walmart’s investor event — which happens every two years and aims to showcase the company’s strengths and strategy for growth — also happened to fall on the same day that U.S.-imposed tariffs went into effect worldwide and a trade war heated up. As the largest retailer in the United States, Walmart relies on suppliers …

A sharp sell-off in U.S. government bond markets and the dollar has set off fears about the growing fallout from President Trump’s sweeping tariffs, raising questions about what is typically seen as the safest corner for investors during times of turmoil. Yields on 10-year Treasuries — the benchmark for a wide variety of debt — shot 0.2 percentage points higher …

Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. Delta’s chief executive, Ed Bastian, said a recession was possible as companies pulled back spending. “Everyone’s being prepared for uncertainty,” he told CNBC, “if that continues, and we don’t get resolution …

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Wednesday was close to tumbling into bear market territory. Mr. Trump has seemed unmoved by the decline, signaling that he has no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in revenue and that other countries …

President Trump’s top trade official defended the administration’s aggressive tariff moves on Tuesday, arguing before a Senate committee that the U.S. economy is facing “a moment of drastic, overdue change” after decades of factories moving overseas and hurting the American working class. The remarks by Jamieson Greer, the United States trade representative, came as the Trump administration faced blowback from …

This time, maybe the stock market is the economy. Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock …

President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies. On Monday, European officials offered to drop tariffs to zero on cars and industrial goods imported from the …

President Trump’s wave of tariffs threatens to bring both short-term economic pain, including lower growth, and long-term damage to America’s standing and trade relationships around the world, the chief executive of Wall Street’s biggest bank warned on Monday. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Jamie Dimon, JPMorgan …