As markets plunge, Maryland Democrats warn tariffs will boost prices, hurt economy - Maryland Matters

As markets plunge, Maryland Democrats warn tariffs will boost prices, hurt economy - Maryland Matters

Democrats on Capitol Hill roundly criticized the widespread tariffs announced Wednesday by President Donald Trump. (Photo by Jane Norman/States Newsroom)By Colin McNamara WASHINGTON – Maryland Democratic lawmakers expressed dismay Thursday over President Donald Trump’s tariffs on all imported goods, a move that caused the financial markets to tumble and some manufacturers to announce layoffs. “For years, we’ve been told to take Donald Trump seri…

Trump Tariffs Crash the Markets

Liberation Day morphed into an Obliteration Day of everyone’s retirement account in a matter of minutes as Trump’s tariffs were announced.

Market retreat is knee-jerk reaction to tariffs

The tariffs that President Donald Trump implemented on Wednesday have been largely expected since the start of his second term, yet the market reacted significantly as they became a reality. That was the focus of the conversation on Friday during the Agweek Market Wrap with Randy Martinson, president of Martinson Ag Risk Management and Randy Koenen of Red River Farm Network. Despite snow and cold returning to the northern Plains that may push ba…

Trump’s tariffs have caused tectonic tremors that have shaken the foundations of the global economy. A universal import tax on everything and everyone, combined with a selective method of reciprocal tariffs, have overshadowed expectations of an economic recovery like a dark cloud after the eruption of Krakatoa. Donald Trump has turned a toxic spiral. How will his tariffs rob Americans of money? The new world order under Trump is a shot in the f…