US EditionStock futures plunge as investors digest Trump’s tariffs
- Stock futures in Asia and the U.S. Fell sharply after U.S. President Donald Trump announced significant increases in tariffs on imports from various countries, including a 24% tariff on Japan and a 34% tariff on China.
- The South Korean benchmark Kospi dropped 1.5% to 2,468.97, while Hong Kong's Hang Seng lost 1.4% to 22,887.03, showcasing widespread market impacts across Asia.
- Trump stated he seeks to make the global system more fair and bring manufacturing jobs back to the U.S. As reported by AP Business Writers Stan Choe and Matt Ott.
- The U.S. Stock index S&P 500 is trading down almost 10% from its February peak.
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Congress Freaks Out Over Trump's Tariffs, But Won't Stop Him
This article is part of The D.C. Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox. A fast-spreading panic hit Capitol Hill on Thursday, as President Donald Trump’s trade war prompted markets to suffer their worst day since the onset of the pandemic in 2020 and analysts were predicting the worst was yet to come. [time-brightcove not-tgx=”true”] While most Hill Republicans tried to avoid criticizing their…
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Coverage Details
Total News Sources350
Leaning Left56Leaning Right58Center67Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 31%
C 37%
R 32%
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