Tariff
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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Trump administration puts 25% tariff on all canned beer imports, empty aluminum cans
Aluminum cans wait to be filled with craft beer during a production run at Black Plague Brewery in Oceanside, California, U.S., March 14, 2025. Mike Blake | Reuters The Trump administration will implement a 25% tariff of all imported canned beer and empty aluminum cans starting Friday, according to a notice from the Department of […]
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Live updates: Trump tariff plans finalized as U.S. trade partners brace for impact
New tariffs will take effect ‘immediately’ Trump’s new tariffs will take effect “immediately” after he announces them in the Rose Garden, White House press secretary Karoline Leavitt said Tuesday. The timeline offered a morsel of clarity about the reciprocal tariff plan, which remains highly opaque just hours before it is set to be unveiled. — […]
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CNBC Daily Open: Trump tariffs could be hours away — but might be milder than thought
Trucks coming from Mexico enter the United States to an inspection station after crossing the border in Otay Mesa, California, on April 1, 2025. Sandy Huffaker | AFP | Getty Images The dread of something bad happening is usually more severe than the event itself. This could well be the case for U.S. President Donald […]
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CNBC Daily Open: Trump tariffs will take effect ‘immediately’ but could be milder than thought
Trucks make their way to the Ambassador Bridge to cross into the United States at Detroit on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images The dread of something bad happening is usually more severe than the event itself (such as heading back to work after a holiday). This could well be […]
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Tariffs will likely raise much less money than White House projects, economists say
Key Points White House trade adviser Peter Navarro estimated the U.S. would raise about $600 billion to $700 billion a year from tariffs. Economists say the true number will probably be less than half of that sum. Much depends on the actual policies, though. President Donald Trump is preparing to unveil more tariffs against trade […]
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Trump’s tariffs are a new challenge for Big Pharma. Here are the best-positioned stocks
Long-standing trade agreements have largely sheltered the pharmaceutical industry from tariffs but President Donald Trump’s goal of bringing manufacturing back to the United States has put the industry in the administration’s crosshairs. Trump first floated the idea of imposing tariffs of as much as 25% on imported pharmaceuticals in mid-February. Since then, he has repeated […]
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Trump’s tariff gambit will raise the stakes for an economy already looking fragile
U.S. President Donald Trump speaks alongside entertainer Kid Rock before signing an executive order in the Oval Office of the White House on March 31, 2025 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term, wagering that broad-based tariffs on […]
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Trump’s upcoming tariffs ‘will be effective immediately,’ White House says
U.S. President Donald Trump delivers remarks in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | Reuters President Donald Trump’s forthcoming tariffs will take effect right after they are unveiled on Wednesday, the White House said. “My understanding is that the tariff announcement will come tomorrow. They […]
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White House considering roughly 20% tariff on most imports, report says
US President Donald Trump, alongside Secretary of Treasury Scott Bessent (L) and Secretary of Commerce nominee Howard Lutnick (R), signs an executive order to create a US sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, DC. Jim Watson | Afp | Getty Images White House aides […]
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