US EditionTariffs rattle investors, wipe out trillions in value
- On Thursday, U.S. Companies saw trillions in value wiped out after President Trump announced sweeping tariffs on foreign imports.
- Investors worried that the tariffs, considered worse than expected by economists, would negatively impact companies and the U.S. Economy.
- Banks, retailers, airlines, clothing, and technology companies experienced significant losses as investors dumped shares, anticipating lower consumer spending.
- Howard Silverblatt from S&P Dow Jones Indices reported a $2.01 trillion loss, while Olu Sonola of Fitch Ratings said, "This is a game changer."
- Economists fear the tariffs could lead to a recession as higher prices curb consumer spending, which accounts for 70% of U.S. Economic activity.
86 Articles
86 Articles
Trump's failed market meltdown deepens: Tariffs destroy astounding $6.4 trillion
Stocks plummet for the second day, wiping out trillions as Pres. Trump’s tariffs shock global trade, and his own allies and supporters show signs of concern and panic. MSNBC’s Ari Melber reports. (The Beat's YouTube playlist: https://msnbc.com/ari Beat merch: https://msnbc.com/Beat5 )
Sen. Rounds talks tariffs, stock market, and DOGE
SIOUX FALLS S.D. (KELO) --Sen. Mike Rounds believes that the White House needs to clarify tariffs and expectations of other countries to establish fair trade, and he is expecting the White House to respond to the significant decline in the stock market. Rounds talked about tariffs, the stock market and DOGE in a Friday interview with KELOLAND News. Rounds said right now the White House has to clarify what tariffs are being imposed and whether or…
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