An aerial view of containers sitting stacked at Nanjing Port Longtan Container Terminal in Nanjing, Jiangsu Province of China, on March 17, 2025.Vcg | Visual China Group | Getty ImagesTrade experts tell CNBC that the tariffs announced by President Donald Trump on Wednesday are equivalent to building a trade wall around the U.S. economy of nearly $1 trillion.With the way tariffs work, the estimated costs of the new tariffs U.S. businesses will be paying is $654 billion a year, according to Trade Partnership Worldwide, and it’s a number that will grow — the figure does not include up to $300…
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South Korea’s impeached President Yoon Suk Yeol arrives for his impeachment trial at the Constitutional Court in Seoul, South Korea, on Jan. Kim Hong-ji | ReutersSouth Korea’s Constitutional Court Friday upheld the impeachment of President Yoon Suk Yeol, ousting him from office.The decision now starts a 60-day countdown where a presidential election must be held to select the next president. In the interim, Prime Minister Han Duck-soo has been reinstated as acting president following a decision by the constitutional court on March 24.In a broadcast on South Korea television, the acting chief of the Constitutional Court Moon Hyung-bae said the decision…
The day after President Trump antagonized world leaders across the globe with his most sweeping set of tariffs yet, he was scheduled to fly to Florida and potentially see the one leader he has called his “favorite president.”That leader, President Javier Milei of Argentina, had flown overnight to receive an award on Thursday at a right-wing gala at Mar-a-Lago. Mr. Trump was scheduled to also be there late Thursday — Mr. Milei said Mr. Trump would receive an award, too — and Mr. Milei said he hoped the two would meet.It was Mr. Milei’s 10th trip to the United States…
David Zervos, Jefferies, joins ‘Fast Money’ to talk his take on tariffs and the market downturn. Source link
With industries like technology and consumer discretionary driving Thursday’s market meltdown following President Donald Trump’s rollout of new tariffs, CNBC’s Jim Cramer points investors to the same sectors that rose after the dot-com bubble burst in 2000.Stocks cratered on Thursday, with the Dow falling nearly 4%, the S&P 500 shedding 4.8%, the Nasdaq plunging almost 6% and the Russell 2000 losing 6.4%. Still, Cramer said, there are some companies that will do better than others in the era of Trump tariffs.”You buy stocks that have a couple of important characteristics, encapsulated by this one sentence: You want stocks of domestic…
Traders work on the floor of the New York Stock Exchange during morning trading on April 03, 2025 in New York City. Michael M. Santiago | Getty Images U.S. President Donald Trump’s so-called liberation day for the country came and went. What, exactly, did his trade plans liberate the world’s largest economy from? Leadership of the global economic and financial system? King dollar’s seat on the throne? Cordial relations with trading partners and political allies?Of course, that’s all speculation. The tariffs, apart from the 25% duty on autos, have yet to kick in. Trump’s universal 10% tariffs will take effect April…
CNBC’s Steve Liesman joins ‘Fast Money’ to talk the latest recession forecasts. Source link
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025.Saul Loeb | Afp | Getty ImagesPresident Donald Trump has cited a host of reasons to impose steep new tariffs on U.S. trading partners. Some of the justifications are at odds with each other, economists said.Trump on Wednesday announced a new 10% tariff on all imports, plus additional levies for major exporters including China, India, Vietnam and the European Union.The duties, when combined with others already announced earlier this year, push the average effective U.S. tariff…
The authorities in South Korea were expecting tens of thousands of protesters to descend on central Seoul on Friday as the nation’s Constitutional Court decides the fate of President Yoon Suk Yeol.At least 14,000 police had been deployed to the area around the court, closing subway stations and locking down an area near a former royal palace that is popular with tourists and home to major businesses. Drones have been banned from the area, and schools, vendors and businesses have been ordered to close.The first protests were set to start at 10 a.m. local time, ahead of a possible decision…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyRichard Fisher, Fmr. Dallas Fed president, joins ‘Fast Money’ to talk the impact of tariffs on consumers and the economy.03:072 hours ago Source link
