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Yesterday — 9 April 2025Main stream

Analysis: Trump’s Tariffs Disrupt Global Trade Without a Clear Strategy

✇NYT | Top Stories
By: David E. Sanger
9 April 2025 at 07:13
The global trading system is only one example of the administration tearing something apart, only to reveal that it has no plan for how to replace it.

© Eric Lee/The New York Times

President Trump has appeared mostly unmoved as the knock-on effects of his administration’s moves take shape.

Trump Maintains 104% China Tariffs as U.S. Officials Signal Openness to Talks

✇NYT | Top Stories
By: Ana Swanson and Alan Rappeport
9 April 2025 at 12:01
President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.

© Eric Lee/The New York Times

President maintains that his approach on tariffs is necessary to return manufacturing and industrial production to the United States.
Before yesterdayMain stream

Wall Street Bursts With Anger as Trump Tariffs Cause Wild Stock Market Swings

✇NYT | Top Stories
By: Rob Copeland， Maureen Farrell and Lauren Hirsch
8 April 2025 at 21:57
Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.

© Ashley Gilbertson for The New York Times

The New York Stock Exchange on Monday, when a turbulent day of trading left the S&P 500 almost 18 percent below its latest peak.

Stock Market Chaos Over Tariffs Could Take Toll on Economy

✇NYT | Top Stories
By: Ben Casselman
8 April 2025 at 17:01
A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.

© Ashley Gilbertson for The New York Times

Wall Street’s sell-off reflects investor fears that President Trump’s tariffs will lead to higher prices, slower growth and possibly a global recession.

Global Leaders Rush to Woo Trump, Hoping to Sway Him on Tariffs

✇NYT | Top Stories
By: Ana Swanson， Alexandra Stevenson， Damien Cave and Jeanna Smialek
8 April 2025 at 04:48
Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.

© Eric Lee/The New York Times

President Trump speaking with the press pool on Air Force One as he traveled from West Palm Beach, Fla., to Joint Base Andrews in Maryland on Sunday.

What Is a Bear Market? Are We in One?

✇NYT | Top Stories
By: Jenny Gross
7 April 2025 at 22:19
A bear market occurs when stocks fall 20 percent from a recent peak. As global markets continue their meltdown, here’s what it means for your money and the economy.

© Daniel Roland/Agence France-Presse — Getty Images

The stock exchange in Frankfurt on Monday, as markets worldwide plunged.

JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs

✇NYT | Top Stories
By: Michael J. de la Merced
7 April 2025 at 22:15
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, wrote that a trade fight could dampen consumer and investor confidence and increase inflation.

© Haiyun Jiang for The New York Times

Jamie Dimon, chief of JPMorgan Chase, said that U.S. tariffs would fuel inflation and slow the economy.

Trump’s Trade War Raises Bar for Fed Rate Cuts

✇NYT | Top Stories
By: Colby Smith
7 April 2025 at 17:03
Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.

© Anna Rose Layden for The New York Times

As the rout in financial markets intensified last week, President Trump turned his ire toward the Federal Reserve, which he has pressured to resume interest rate cuts.

Americans Wrestle With How Trump’s Tariffs May Change Shopping Lists

✇NYT | Top Stories
By: Orlando Mayorquín
7 April 2025 at 07:44
In the first weekend since President Trump unveiled broad tariffs, many shoppers sought to get ahead of expected price increases, while others showed patience.

© Mark Abramson for The New York Times

A shopper in Marina del Rey, Calif. Many Americans this weekend were out in grocery stores, car dealerships, malls and big discount chains, racing to figure out how to get ahead of the new tariffs plan.

Trump Says Tariffs Will Stay Until Trade Deficit Disappears

✇NYT | Top Stories
By: Tony Romm and Ana Swanson
7 April 2025 at 09:29
The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

© Haiyun Jiang for The New York Times

President Trump at the White House on Sunday. He wrote on social media that the only way to cure “massive Financial Deficits” with China, Europe and many others was with tariffs.
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