Trump, Stocks and tariff
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The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
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Investor's Business Daily on MSNDow Jones Futures: Stocks Hold Up Amid Trump Tariffs, But This Is Worrisome; Google, AMD Near Buy PointsDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump's renewed tariff hike push is in focus, while inflation reports could show a bigger tariff impact.
Investors have had their fair share of things to digest this week. Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan (FCX) up almost 5% on the week.
Donald Trump’s latest threat to impose a 50% levy on Brazil over its domestic political affairs shows the rest of the world that nothing is off limits. The US president linked the hike to the trial of former Brazilian President Jair Bolsonaro — a right-wing populist — over an alleged coup attempt in 2022,
President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath