JPMorgan Maintains 60% Recession Call Despite Trump 90-Day Tariff Pause
JPMorgan Chase maintained its forecast of a 60 percent chance of a recession despite President Donald Trump‘s announcement of a 90-day pause on most U.S. “reciprocal” tariffs. That pause does not include China, however, which now faces a whopping 125 percent tariff that Trump imposed after Beijing retaliated earlier with an 84 percent tariff of […]
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Trump Admin Shrugs Off China’s 84% Tariff: ‘So What?’
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats, […]
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Donald Trump is Losing the Crypto Bros Over Tariff Turmoil
The crypto community has not been spared the tariff-induced panic that swept American and global markets last week, with many of its key voices now lashing out at the man once thought to be heralding a new age for digital assets. While losses on Wall Street tempered on Monday, the stock market has undergone a […]
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China Ramps Up Trade War With New Countermeasure Threat Over 50% Tariff
China has threatened additional retaliatory measures if President Donald Trump follows through on his warning to increase tariffs on Chinese goods by an additional 50 percent. This comes after China implemented a blanket 34 percent tariff on American goods, matching Trump’s “Liberation Day” tariff on Chinese imports. Newsweek reached out to the White House via […]
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Eric Trump Reveals How to ‘Win’ Tariff Negotiations With His Dad
Donald Trump’s son Eric revealed how tariff-hit countries can “win” in the trade negotiations with his father. The 41-year-old also shared a pitfall that would ensure negotiators “will absolutely lose.” The Context On Wednesday, Trump announced that the U.S. was imposing a 10 percent “baseline” tariff on virtually all imports. Several countries had much higher […]
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Stock Market Has Worst Week In 5 Years Amid Trump’s Tariff War
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder […]
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Stocks Enter ‘Correction’ Territory Amid Trump’s Tariff Turmoil
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder […]
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Canada’s Final US Energy Tariff Warning to Donald Trump
Canada will enact a 25 percent tariff on energy flowing into parts of the U.S. on Monday, Ontario Premier Doug Ford said, as U.S. President Donald Trump plows on with his trade war with America’s top trading partners. Why It Matters Trump said on Thursday he would grant Canada and Mexico a one-month reprieve on […]
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Donald Trump Accuses Canada of ‘Cheating’ Amid Tariff War
President Donald Trump has accused Canada of “cheating” on tariffs as the U.S. and its northern neighbor continue to grapple with an emerging trade war. Newsweek reached out for comment to the office of Canadian Prime Minister Justin Trudeau via email on Friday night. Why It Matters Trump’s plan to impose stiff new tariffs on […]
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Canadian Premier Warns Trump After Tariff Seesaw: ‘We Will Be Relentless’
Doug Ford, premier of the Canadian province Ontario, has warned President Donald Trump that “we will be relentless” unless Trump “removes the threat of tariffs for good.” Newsweek reached out for comment to the White House via email on Thursday night. Why It Matters During his 2024 presidential campaign, Trump vowed to impose stiff new […]
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