Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.
Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across continents, including his own.
President Donald Trump, during a ceremony Wednesday, held up a chart while speaking, showing the United States would charge a 34 percent tax on imports from China, a 20 percent tax on imports from the European Union, 25 percent on South Korea, 24 percent on Japan and 32 percent on Taiwan.
The Senate confirmed Iowa native Matt Whitaker late Tuesday as President Donald Trump’s U.S. ambassador to NATO, a crucial emissary to the Western alliance at a time of growing concern about the American commitment abroad.
President Donald Trump vowed to keep up his campaign of “swift and unrelenting action” in reorienting the nation’s economy, immigration and foreign policy in an unyielding address before Congress that left Democratic legislators to register their dissent with stone faces, placards calling out "lies,” and one legislator’s ejection.
President Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products. All three countries — America's top trading partners — are threatening retaliation.
By some measures, the U.S. remains overwhelmingly spiritual. Many Americans have a supernatural outlook, with 83% believing in God or a universal spirit and 86% believing that people have a soul or spirit. About seven in 10 Americans believe in heaven, hell or both.
It's the first death in an outbreak that began late last month and the first from measles in the U.S. since 2015.
U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve's resolve to delay further interest rate cuts.
President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States.
Trump’s order also includes a mechanism to escalate the rates if the countries retaliate against the U.S., as they are possibly prepared to do.
Agriculture is a major export industry for the U.S., and Canada and Mexico are some of the biggest importers of products produced in Iowa, including soybeans and pork.
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