Consumers In The United States Are Cutting Down On Their Expenses

Is The US Heading Into A Recession?

President Trump's U-turn on tariffs came a week after he imposed sweeping import taxes on much of the world.

Post the 90-day tariff delay announcement on wednesday, u.S. Treasury secretary scott bessent said "It's main street's turn," referring to the carnage in global financial markets.

In response, wall street had its finest day in sixteen years.

The real question is who swayed trump?

Wall Street Credits Dimon & Ackman For Trump's Tariff U-turn

American treasury bonds have always been the go-to for investors in times of fear, thanks to their reputation on Wall Street as being so secure that they don't even require risk analysis.

They rallied in the midst of the 9/11 attacks and the global financial crisis, even after the United States' credit rating was lowered.

Analysts Debate If China Has A Role In Treasuries Swings

Even by the standards of wall street's long history, it was a brutal week to trade.
As markets sank and soared, a new fear spread across wall street: is america's privileged status in the global financial system at risk from trump's tariffs?

A New Fear Spreads Across Wall Street

World: "The president has made it very clear he's open to a deal with China," White House Press Secretary Karoline Leavitt told reporters, adding, "He's optimistic."

'Open to a deal': Trump 'optimistic' about striking a deal with China amid tariff row

Here are the top 10 stories from across the world. World

Top 10 world news: Trump pushes Russia for ceasefire; Indian minister says won't negotiate with US at gunpoint, and more

China slaps 125% tariff on U.S., ramping up 'tit for tat' countermeasures; Xi calls Trump tariffs 'a joke', urges EU to join Beijing.

US-China tariff war: China says it will 'ignore' further hikes, moves WTO on violations

World: Today, Donald Trump's name has become synonymous with the word tariff. But he is not the one who invented this strategy, long before him, another Republican president made tariffs central to his politics.

Donald Trump's tariff crusade isn't new: Meet his idol who did it first and regretted it

World: The islands are entirely uninhabited and have no trade infrastructure. Later, Trump's inclusion of those islands sparked confusion and mockery on social media.

'No man set foot here since 2016': Not just penguins, Trump's tariffs also hit volcanoes on Australia's remotest region

Tensions deepen in the China-US trade war as Washington imposes a steep 145% tariff on Chinese goods. In retaliation, Beijing hikes its tariffs on US imports to 125%. Chinese President Xi Jinping urges the EU to unite against unilateral economic pressure from the Trump administration.

Xi Jinping slams ‘unilateral bullying’, China files fresh WTO complaint while raising tariffs

Breaking: China hits back USA, raises tariffs on US goods to 125%

Just days after Donald Trump’s sweeping 'reciprocal' tariffs kicked in, jolting global markets, the US President reversed course. China, however, faces a steep escalation—tariffs on Chinese imports now stand at 145 percent, after Beijing responded with retaliatory tariffs.

All eyes on Trump’s next move after tariff u-turn

Global stock markets plunged after President Donald Trump announced tariffs last Wednesday, triggering the worst two-day rout since the height of the pandemic. Billionaires closest to Trump saw massive losses.

$536 billion erased from billionaire wealth in 48 hours

Fears of a global recession swept Wall Street as frantic selloffs slammed U.S. equities, bonds, and the dollar once again. Markets plummeted on Friday to return to the red, with gold surging to a new record and the dollar extending losses after falling off a cliff to mark the biggest plunge in three years.

Tariff turmoil sparks gold's climb to a new record

President Donald Trump has ramped up tariffs on Chinese goods to a staggering 145%, escalating tensions in the ongoing US-China trade war. Wall Street tumbled in response, while China hit back by slashing US film imports. Meanwhile, the EU has paused its counter-tariffs against the US for 90 days, urging de-escalation.

Trade war: Trump’s China tariffs hit 145% as trade war escalates globally

World | “There will be a transition cost and transition problems, but in the end, it’s going to be, it’s going to be a beautiful thing," Trump said. “We’re doing again what we should have done many years ago.”

‘In the end, it’s going to be beautiful’: Trump warns of ‘transition cost’ of his tariffs amid plunging global markets

World: This came after US President Trump increased the tariffs on China to 125%, after Beijing did not roll down the escalating tariffs on the US.

China targets Hollywood: Beijing restricts import of US movies amid raging tariff war - Will Trump feel the pinch?

World: Now, an additional 20% tariff has been imposed by the US on China, targeting fentanyl-related imports, which brings the total to its current level.

Will Trump stop here? US raises tariffs on China to 145%, targets fentanyl-related imports

Global stock markets are in free fall as the US-China trade war intensifies. Oil prices have hit a 4-year low and commodities are tumbling after President Trump's new tariff threats. Here's a breakdown of the Trump effect and 5 key takeaways from this economic shockwave rattling investors worldwide.

China refuses to step back, says Trump's 125% tariffs 'against whole world'

US President Donald Trump's announcement of pausing tariffs on most countries sparked euphoria on global markets, but it has also attracted accusations of market manipulation.

Trump accused of market manipulation after 'friends make $2.5 billion' remark

World: Trump's congressional allies were publicly supporting president's erratic tariff decisions as recently as 15 minutes prior to the 90-day pause announcement.

'WTF! Who’s in charge?': US trade representative unaware of Trump's '90-day tariff pause'; irked Democrats react

President Donald Trump has paused tariff hikes on all major US trading partners—except China. While global tariffs are on hold for 90 days, China now faces a steep 125% levy. In response, Beijing has imposed retaliatory tariffs of 84% on American imports. Trump accused China of showing “disrespect” to world markets, sharpening the trade war’s focus on Beijing. Watch this report to know more!

China reacts to Trump’s 125% tariffs, says it doesn’t fear more US levies

World | Amid the ongoing tariff war between China and the US, Chinese Foreign Ministry spokesperson Mao Ning said that China "is not afraid of provocations."

China shares old video of Mao Zedong amid tariff war with US, says "Chinese not afraid of provocations"

Trump trade war: Trump pauses global tariffs, singles out China with hike

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