Tariff
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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CNBC Daily Open: Stocks were trounced in the first quarter amid Trump tariff chaos
Traders work on the floor of the New York Stock Exchange on March 28, 2025, in New York City. Spencer Platt | Getty Images Monday was the last trading day of the quarter. U.S. stocks took a heavy beating during the period: Both the S&P 500 and Nasdaq Composite broke their five-quarter winning streaks and […]
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Hyundai warns U.S. dealers of possible price hikes amid 25% tariffs
American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters South Korean automaker Hyundai warned U.S. dealers it is evaluating its pricing strategy in the face of forthcoming 25% tariffs on imported vehicles and parts announced by President Donald Trump. Randy Parker, chief executive officer of Hyundai and […]
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GM, Stellantis shares fall after Trump’s auto tariff announcement
The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, U.S., March 4, 2025. Mike Blake | Reuters Auto stocks are digesting President Donald Trump’s announcement that he would place […]
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Consumer confidence in where the economy is headed hits 12-year low
Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California. Kevin Carter | Getty Images Consumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade, the Conference Board reported Tuesday. The board’s monthly […]
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CNBC Daily Open: Trump hints at softer tariffs, rallying markets
U.S. President Donald Trump greets members of the audience after signing a proclamation during a Greek Independence Day celebration at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images U.S. President Donald Trump’s tariffs have so far taken the shape of country-specific, sweepingly reciprocal, targeted at sectors and applicable […]
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Morgan Stanley’s near-term rally call: CIO Mike Wilson sees beaten-up Mag 7 stocks as winners
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the […]
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CNBC Daily Open: Tariff ‘flexibility’ is not necessarily positive — it also signals uncertainty
A cargo ship full of shipping containers at the port of Oakland as trade tensions escalate over U.S. tariffs, in Oakland, California, on March 6, 2025. Carlos Barria | Reuters “Flexibility” connotes openness to change. U.S. President Donald Trump expressed Friday the possibility of being flexible with tariffs, which may have helped stocks tick up, […]
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