US stocks mostly fell after an extremely volatile day Monday — tumbling, surging and then bouncing around in every direction, as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted.
trump tariffs
Donald Trump levies reciprocal tariffs: Gold, silver bullion among top 50 exempt items. Full list here
US President Donald Trump announced reciprocal tariffs on India, China, and several other countries in the wee hours of Thursday morning, sending the global markets into a tizzy. While announcing the tariffs, the White House said that the non-tariff barriers also deprive the American manufacturers of reciprocal access to markets globally.
Gold investors await Trump tariff plan
Gold prices held firm on Wednesday after jumping to an all-time high in the previous session, as investors hunkered down and awaited details of U.S. President Donald Trump’s tariff plans.
Reciprocal tariffs: Trump eyes ‘making America prosper again’ from April 2, while India has cause for concern
US President Donald Trump slammed India’s import duties in his first speech to a joint session of Congress on Wednesday. Trump specifically targeted India’s tariffs on automobile imports saying, “India charges us auto tariffs higher than 100 per cent.”
Gold hedging position strengthened due to inflation fears
Trump’s tariff plans and their potential economic fallout are driving gold’s strength as a safe-haven asset, with prices reaching record highs. Market uncertainty fueled by steel, aluminum, and Chinese import tariffs, coupled with declining US consumer sentiment and rising inflation expectations, has bolstered gold’s appeal.
Gold hits new record high of $2,800 after Trump imposes tariffs
US President said Mexico and Canada are getting slapped with 25% tariffs on Saturday. It’s good news for gold.
Trump tax cuts come at the right time for stocks. Further ahead, it gets murky.
For stock markets, the short-term and long-term outcomes of the “Trump trade” won’t necessarily be the same.
Donald Trump’s victory
So far, President-elect Donald Trump’s victory Tuesday has been positively received by investors, as was the case in 2016. The S&P 500 rose 2.5% to a record close Wednesday, buoyed by Trump’s stated intentions to, among other tax cuts, take the corporate-tax rate from 21% to 15% for companies that manufacture in the U.S.
Trump to Slap New 10% Tariff on China from 01 September, 2019
US. President Donald Trump has announced that he will hike tariffs on some $300 billion-worth of Chinese goods to 10% starting on September. 1, 2019 escalating the trade war between the world’s two biggest economies as recent negotiations faltered.