The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration launched talks with allies also targeted by the tariff regime.
Wall Street’s major indexes tumbled sharply after U.S. President Donald Trump’s sweeping tariffs on key trade partners triggered fears of a trade war and global recession. Investors reacted with panic, sending markets into a steep decline.
Walmart’s upcoming quarterly report will provide key insights into how inflation and potential tariffs are affecting U.S. consumer spending, especially as prices for essentials rise.
All three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
U.S. stocks dip as election nears, with Trump and Harris in a tight race and investors bracing for Fed policy news.
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