Skip to main content

Featured

Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
Post a Comment
Read more

article

Labels

Wall Street Stumbles Amid Inflation and Tariff Concerns

                                        

Wall Street faced a sharp downturn as fresh U.S. economic data reignited fears of inflation and tariff impacts. The S&P 500 dropped 1.97%, closing at 5,580.94 points, while the Nasdaq fell 2.70% to 17,322.99 points, and the Dow Jones Industrial Average declined 1.69% to 41,583.90 points.

The latest data revealed weaker-than-expected consumer spending in February, coupled with a significant rise in underlying prices—the highest in 13 months. Additionally, a University of Michigan survey highlighted soaring inflation expectations, reaching their highest levels in over two years.

These developments, combined with escalating tariff measures from the Trump administration, have heightened concerns about the economic outlook. Major tech stocks, including Amazon, Microsoft, and Apple, saw significant losses, reflecting broader market unease.

Market analysts warn that the inflationary effects of tariffs may intensify in the coming months, further complicating the Federal Reserve's monetary policy decisions. As uncertainty looms, businesses and investors are adopting a cautious stance, bracing for potential economic turbulence.

Labels:

Comments

Post a Comment