Day: April 2, 2025
Asia-Pacific markets poised to plunge following Trump’s hefty tariffs on countries in the region
Sunset view of Yarra river and Melbourne skyscrapers business office building with evening skyline in Victoria, Australia. Australia tourism, modern city life, or business finance and economy concept Prasit Photo | Moment | Getty Images Asia-Pacific markets are poised to plunge on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 […]
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The most powerful passports of 2025 — a new country tops the list
Ireland has the strongest passport in the world, according to the Nomad Passport Index 2025. It’s the first time that the northern European country has held the solo No. 1 spot in the annual ranking from Nomad Capitalist, a tax and immigration consultancy. Ireland did, however, come close in 2020, when it tied for the […]
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See Trump’s list: More than 180 countries and territories facing reciprocal tariffs
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Leah Millis | Reuters President Donald Trump on Wednesday laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping […]
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Wall Street reacts to Trump’s tariff announcement as the stock market drops
President Donald Trump ‘s long-awaited announcement on tariff policy appears to have caught some on Wall Street off guard, or at least come in toward the negative end of expected outcomes. Exchange-traded funds that track market indexes such as the S & P 500 and Nasdaq 100 were selling off during after-hours trading Wednesday. Shares […]
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Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump’s tariffs
Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC. Andrew Harnik | Getty Images Treasury Secretary Scott Bessent said Wednesday the sell-off in the stock market is due more to a sharp pullback in […]
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Trump’s new tariffs ‘worse than the worst case scenario,’ Wedbush’s Dan Ives says
President Donald Trump’s extensive tariffs rollout on Wednesday was worse than expected for the market, according to Dan Ives, global head of technology research at Wedbush Securities. On Wednesday, Trump announced plans to impose a 10% baseline tariff on all countries and even higher rates on some nations in particular, like a 34% duty on […]
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U.S. stocks drop after hours as Trump imposes sweeping tariffs, S&P 500 ETF falls 2%: Live updates
A trader works on the floor at the New York Stock Exchange on April 2, 2025. Brendan McDermid | Reuters U.S. stocks fell in after hours trading as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the […]
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Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair
File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Nhac Nguyen | Afp | Getty Images Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative […]
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Apple leads drop in tech stocks after Trump tariff announcement
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Apple […]
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Trump’s tariffs leave gadget makers in crisis: ‘I’m going to run out of appliances’
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters When President Donald Trump made it clear that he was serious about implementing dramatic tariffs on top U.S. trading […]
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