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![]() Jason MaFortune |
"Additionally, all talks with China concerning their requested meetings with us will be terminated!"
UBS said the effective US tariff rate could go as high as 30%, up from 25% under Trump's latest plans.
Elon Musk said Saturday he hopes for a "zero-tariff" system between the US and Europe that would create "a free-trade zone."
Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday."
Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."
His decision last year to shed most of Berkshire Hathaway's Apple stock now looks especially well timed.
So far this year, the US dollar index, which tracks the greenback against a basket of other global currencies, has tumbled 4.7%.
Ending taxes on tips was one of President Donald Trump's top campaign pledges, and he has reaffirmed it since returning to the White House.
"But if the US leaves us no choice, as with the tariffs on steel and aluminum, we will respond as a united European Union," Scholz said.
Over the weekend, reports said Trump has pushed his advisers to get more aggressive on tariffs, including higher rates on a wider set of nations.
A top economist and currency scholar said "the dollar’s global role will suffer if the US is perceived as turning its back on its allies."
Moody's added to the growing list of US debt warnings in a report that sounded the alarm on the deteriorating fiscal situation.
"I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty," Trump said.
"Energy markets are not exempt from the loss of public faith in all markets," one executive said.
"We will have cases that get stuck, and they’re not going to be able to get fixed."
Intense discussions are ongoing ahead of April 2, which Trump has billed as "Liberation Day," when his next batch of tariffs will be unveiled.
An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, according to The Washington Post.
"There are increasing signs of that we've actually established a tradable bottom."
"Worse, by dint of its size, America’s actions have a much greater impact on the world economy than those of any run-of-the-mill emerging market."
The Ark Invest CEO also said she has been buying Tesla stock and crypto-related assets like Coinbase and Robinhood during the market's downturn.
Trump said at the White House on Friday that Boeing beat out Lockheed Martin on an award that could eventually yield hundreds of billions of dollars.
"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," the Peter G. Peterson...
Tesla trade-ins are being used to buy new BMW i4 EVs as well as the Hyundai Ioniq 5 and the Ford Mustang Mach-E, according to Edmunds data.
Berkshire Hathaway increased its holdings in Japan's five biggest trading houses after agreeing to gradually lift its holdings beyond 10%.
A backlash against US products includes alcohol, electric vehicles, and even cutting-edge weapons.
"If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would...
"Confidence that the economy will continue to grow is fading, even with a new management team in place."
"There are several options that must be considered, particularly in the context of European production."
"The reality is that the Army has some tough decisions ahead—we must prioritize resources towards those functions which are most critical to...
"I think it’s very possible that March, April, May could actually be one of these huge rally months where we’re rallying 10-15%."
"We may go up. I don't think we'll go down, but we may go up," Trump said about tariffs.
Trump warned on Thursday that the US won't defend NATO allies if they don't spend more on defense.
"This is a bigger issue than people realize. Not just jobs lost. But their families losing benefits. Landlords losing tenants. Cities and towns losing...
"DOGE people are learning and they will make mistakes, but we have to let them see what is going on at SSA."
"We are still betting on the resilience of consumers and the economy. However, Trump Turmoil 2.0 is significantly testing the resilience of both."
The Dow Jones Industrial Average tumbled 650 points, or 1.5%. The S&P 500 sank 1.8%, and the Nasdaq lost 2.6%.
"Ultimately, you’re going to see the system collapse and an interruption of benefits. I believe you will see that within the next 30 to 90 days."
"The uncertainty in tariff threats and general chaos of another Trump presidency is weighing heavy on our business."
The efforts include the creation of recruitment websites and aggressive outreach to federal employees on social media, according to CNN.
"Even if hostilities were to cease immediately, Russia’s economic transformation is unlikely to be reversed."
The Atlanta Fed's GDP tracker now indicates the economy is headed for a 1.5% contraction in the first quarter, after showing 2.3% growth just days...
"Are the Europeans willing to stand up for themselves, for their principles, for their values, and for fellow Europeans? And I fear the answer is no."
"I think we have all the ingredients to win this race, but we are going to have to turbocharge our efforts."
“It won’t change unless the guy’s expectations about what he’s ‘supposed to do’ changes.”
If US gold reserves were priced at the current market rate, the value would top $750 billion.
"US troops would come in large, cohesive, corps-sized units with a unified command and control tighter even than NATO joint command."
"When it comes to manufactured goods, trade with China is virtually a one-way street."
"This is particularly true if Russia assesses that the US cannot or will not support the European NATO countries in a war with Russia."
Some New York bodegas began selling eggs in groups of three for $3.
The ruble has shot up 20% since the start of the year as investors have been expecting improved US-Russia ties under Trump.