Economic events
Vietnam has been a big beneficiary of global trade — Trump’s new tariffs threaten to derail that
Boats in the harbor of Mui Ne, Vietnam, on March 8, 2023. Alexandra Schuler | Picture Alliance | Getty Images Vietnam has long been viewed as a successful example of embracing external trade, luring some of the largest companies in the world to establish hubs to manufacture everything from footwear to electronic products that grace […]
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CNBC Daily Open: The Trump administration wants more than 0% tariffs
U.S. President Donald Trump gestures during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a […]
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CNBC Daily Open: Trump rejects offers to tear down tariffs, threatens more on China
U.S. President Donald Trump speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a […]
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Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices
DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump’s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory firm expects the levies to add thousands of dollars to the costs of new […]
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European stocks tank 6% at open as global tariff rout deepens
European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime. The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5% […]
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CNBC Daily Open: Trump tariffs spark trade war, decimating stocks
U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t be easy” and urging Americans to “hang […]
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Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research. Zhang Xiaoyu | Xinhua News Agency | Getty Images Investors are flocking to safe […]
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Nikkei 225 and Topix plunge over 7% on open, futures trading suspended due to circuit breaker
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 extended their sell-off Monday as fears over a global trade war sparked by U.S. President Donald Trump’s tariffs […]
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Trump’s tariffs were expected to boost the dollar, but recession fears are dragging it down
The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labor market, while concerns over a global trade war led investors to safe havens, lifting the yen and the Swiss franc. Bloomberg | Bloomberg | Getty Images The Wall Street conventional wisdom in November was that […]
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S&P 500’s 10% 2-day collapse from Trump’s tariff shock ranks among the deepest in history
Financial markets that spent two years anticipating a recession that never came took two days to price in surging odds of a recession that might come by invitation. With one of the nastiest two-day selloffs in history following President Donald Trump’s launch of punitive tariffs on most trading partners, the stock market is in one […]
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