Tariff
South Korea sets snap presidential election for June 3, drawing out contenders
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images Leading contenders began to throw their hats in the ring on Tuesday as South Korea officially set June 3 for a snap presidential election triggered […]
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Apple’s 3-day loss in market cap swells to almost $640 billion
(L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Saul Loeb | Afp | Getty Images While the stock market broadly fared better […]
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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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Leon Cooperman says market bottom is not in as Trump has decided a recession is best way to lower rates
Investors should buckle up as the worst is yet to come, according to billionaire investor Leon Cooperman . The chair and CEO of the Omega Family Office believes President Donald Trump’s tariffs are a “mistake” and they will tip the U.S. economy into a recession and lower interest rates in the process. “I think there’s […]
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Peter Navarro says Vietnam’s 0% tariff offer is not enough: ‘It’s the nontariff cheating that matters’
White House trade advisor Peter Navarro said Monday that an offer by Vietnam to eliminate tariffs on U.S. imports would not be enough for the administration to lift its new levies announced last week. “Let’s take Vietnam. When they come to us and say ‘we’ll go to zero tariffs,’ that means nothing to us because […]
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JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. Dimon, 69, addressed the tariff policy Trump announced on April 2 in his annual shareholder letter, which has become […]
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Commerce Secretary Lutnick doesn’t back down in face of market sell-off: ‘The tariffs are coming’
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 The Trump administration will remain steadfast in its reciprocal tariffs on major U.S. trading partners even in the face […]
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Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’
Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%. The founder of Duquesne Family Office has been consistent in opposition to the U.S. imposing tariffs above 10% […]
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Market crash not part of Trump’s strategy, says top White House economic advisor
White House economic adviser Kevin Hassett stands next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters A crashing stock market is not part of an intentional strategy by President Donald Trump, White House National Economic Council director Kevin Hassett […]
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