Trump, tariff
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Trump, Brazil
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President hardens stance on trade deadline, Nvidia gets closer to record $4 trillion market value, and more news to start your day.
US stock futures fell on Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies. Trump on Truth Social posted a letter to Canadian Prime Minister Mark Carney,
European producers say streamers investment obligation will improve local content, increase competitiveness against 'stone cold' U.S. market.
MSNBC's Lawrence O'Donnell and Jen Psaki discuss the breaking news that Donald Trump is now threatening Canada with tariffs of 35% claiming the "flow of fentanyl" from America's northern neighbor as his reason.
A couple deals with major trading partners could mean the effective tariff rate rises from 16% to 18% versus 21% scenario, according to Pingle.Nadia Lovell, senior U.S. equity strategist for UBS Global Wealth Management,
Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan ( FCX) up almost 5% on the week. Copper ( HG=F) prices have surged 10% since Monday.
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Investor's Business Daily on MSNStock Market Today: Dow Falls 300 Points On Trump Tariff News; Drone Makers Are Surging, Here's Why (Live Coverage)S mall caps and blue chips lagged a generally down market Friday as the Russell 2000 and Dow Jones Industrial Average were responsible for most of the selling. Meanwhile the Nasdaq and S&P 500 tried to limit losses as Nvidia NVDA and Palantir PLTR continued to attract buyers on the stock market today.
The 50% tariff that the Trump administration has slapped on Brazilian imports has rattled the global coffee market and could make the price of a cup of coffee in the U.S. jump beyond recent highs.Brazil is the world's largest grower and exporter of coffee,
Asian equities were largely higher despite President Trump's rising tariff rhetoric, except for India, which underperformed today and this week. The resilience is a great sign, in my opinion. Hong Kong and Mainland China ended a good week on a positive note despite a late afternoon slump that brought the market off its intraday highs.
Copper retreated from record highs on Wednesday as industry watchers grappled with what a 50% tariff rate on imports would do to the market.
Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.