US EditionStock futures plunge as investors digest Trump’s tariffs
- Asian markets and U.S. Futures fell sharply after U.S. President Donald Trump announced significant tariff increases on imports from several countries, including Japan and South Korea, leading to a 2.9% drop in the Dow Jones.
- Trump imposed a 24% tariff on Japan and a 25% tariff on South Korea, while China faced a total tariff of 64% after additional measures were introduced.
- U.S. Benchmark crude oil prices declined by $2.08 to $69.63 per barrel, with Brent crude also decreasing by $2.06 to $72.89 per barrel, indicating market reactions to the tariff announcements.
- Trump stated he seeks to make the global trade system 'fairer' and to bring manufacturing jobs back to the United States.
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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 Sources342
Leaning Left56Leaning Right57Center66Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 31%
C 37%
R 32%
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