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CNBC reporter: Trump’s tariffs moves ‘absolutely insane’

The Hill

Summary

88:88
Investor fears that Donald Trump’s tariffs will spark an economic downturn are driving a sell-off in equities, wiping out $4 trillion from the S&P 500’s peak last month, a stunning reversal for Wall Street that was once fired-up by president’s agenda.
Reuters
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Ontario 'won’t back down' after U.S. President Donald Trump called for a further tariff hike in response to the province’s 25 per cent export tax on electricity.
Global News
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On Wednesday morning, just after markets spent a day reeling from Trump’s on-again-off-again threat to levy extraordinary energy, steel and aluminum tariffs on Canada and to destroy the country’s auto industry, Trump placed tariffs on all steel and aluminum imported from every country around the world, a policy that could drive up prices on a broad range of consumer and industrial goods for Americans.
CNN
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Talk of tariffs combined with fears of inflation sent the U.S. stock market tumbling Monday and again on Tuesday, a day of give and take between the United States and Canada with President Donald Trump defending his use of tariffs.
Voice Of America

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updated 88:88

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