The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.
The New York Stock Exchange on Friday. Bankers, executives and traders said this weekend that they felt flashbacks to the global financial crisis that began in 2007.
The Liberal Party, which not long ago seemed destined to crash in federal elections under Justin Trudeau, is experiencing a reversal of fortune. Here’s what a close review of polls shows.
The president’s top advisers acknowledged President Trump’s sweeping tariffs could raise prices but said an economic adjustment that would ultimately benefit American workers was overdue.
Ben Coryell, owner of Golden Mountain Guides in Colorado, is concerned about how long his business can continue to offer climbing courses and mountaineering expeditions.
The internet poked fun at the Trump administration’s decision to impose new tariffs on Heard Island and McDonald Islands, Australian territories near Antarctica where many penguins but no people live.
A photo released by the Australian Antarctic Division shows a group of King penguins standing on the shores of Corinthian Bay in the Australian territory of Heard Island.
The billionaire adviser to the Trump administration appeared to part ways with the president in a videoconference appearance with Italy’s far-right League party.
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.
A worker folds jeans at textile factory in Maseru, Lesotho. The textile industry is the country’s largest private employer and produces its top export.
President Trump has argued that tariffs are not taxes on U.S. consumers, but rather on foreign companies that will have to lower their prices to maintain access to the U.S. market.
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.
A worker folds jeans at textile factory in Maseru, Lesotho. The textile industry is the country’s largest private employer and produces its top export.
Stocks hadn’t fallen this far this fast since the early days of the coronavirus pandemic. A 9.1 percent drop in the S&P 500 is the steepest weekly decline since March 2020.
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