Global Stocks Plunge As Trump Doubles Down on Tariffs: Live Updates
Global markets plunged Monday as President Trump stood firm on tariffs, deepening investor fears of a drawn-out trade war. The S&P 500 was set to open about 2% lower, bringing it closer to bear market territory after weeks of steady losses. Wall Street braced for more volatility, with analysts warning there’s still no sign of […]
Read More
First House Republican Comes Out Against Trump Tariffs
U.S. Representative Don Bacon has become the first Republican House member to come out against Donald Trump‘s tariffs, as he prepares to introduce a mirror bill to the bipartisan Senate legislation aimed at restoring congressional powers over the levies. Bacon, of Nebraska, told Newsweek on Friday, “I look forward to working with Sen. Grassley to […]
Read More
Did Trump Admin Use ChatGPT to Allocate Tariffs? What We Know
Internet analysts have taken note of the similarities between the Trump administration’s formula used to decide the “Liberation Day” tariffs, and the same methods provided by ChatGPT if asked. Critics highlighted that ChatGPT and other artificial intelligence chatbots would provide very similar methods for setting tariff levels if they were asked to design a policy. […]
Read More
Ted Cruz Speaks Out Against Donald Trump’s Tariffs: ‘Tax on Consumers’
By Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business news. Hugh joined Newsweek in 2024, having worked at Alliance News Ltd where he specialised in global and regional business developments, economic news, and market trends. He graduated from the University of Warwick with […]
Read More
Ford Is Now Offering Buyers Its Employee Pricing Amid Trump Tariffs
Ford Motors announced new discounted pricing for prospective customers Thursday, on the heels of President Donald Trump‘s sweeping tariff plan, which includes a 25 percent tariff on auto imports. Newsweek reached out to Ford via email for comment on Thursday. Why It Matters The president announced on Wednesday that the U.S. will impose tariffs on […]
Read More
List of Republican Senators Who Voted to Thwart Trump’s Canada Tariffs
A handful of Republican senators voted in favor of a measure that would effectively terminate the national emergency declaration used to green-light tariffs on Canadian imports. Newsweek reached out to the White House via email Wednesday night for comment. Why It Matters Since taking office in January, President Donald Trump has executed sweeping change through […]
Read More
Donald Trump Tariffs: Three Takeaways from Liberation Day Announcement
President Donald Trump on Wednesday afternoon announced a raft of new tariffs, including a universal tariff on all imports, as he seeks to reshape the global economy and right perceived economic wrongs against the United States. Here are three takeaways. Why It Matters Trump and his allies have repeated the catchphrase “promises made, promises kept” […]
Read More
Trump Tariffs: Which Countries Will Be Hit on Deadline Day?
President Donald Trump‘s new round of tariffs—described by the White House as a “Fair and Reciprocal Plan”—is set to take effect April 2, a move he has dubbed “Liberation Day” for the American economy. The policy will impose duties designed to mirror those levied by foreign governments on U.S. exports, potentially affecting trade with allies […]
Read More
Gold Price Hits All-Time High as World Braces for Trump Tariffs
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, […]
Read More