Tariffs Archives

Stock market today: Wall Street inches higher to set more records

NEW YORK (AP) — U.S. stocks drifted to a mixed close, as gains for tech stocks nudged the S&P 500 and the Nasdaq to more records. The S&P 500 eked out a gain of under 0.1% Tuesday, while the Nasdaq composite rose 0.4%. The Dow Jones Industrial Average fell 0.2%. Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. The value of the South Korean won sank against the dollar after its president declared martial law and then later said he’ll lift it.… Continue Reading

Stock market today: Wall Street hits records despite tariff talk

NEW YORK (AP) — U.S. stocks rose to records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell.… Continue Reading

Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan

SAVANNAH, Ga. (AP) — Donald Trump has pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs. That’s despite economists’ persistent warnings that doing so could also dramatically raise prices for domestic consumers. The former president laid out a broad array of economic proposals during a speech in the key swing state of Georgia on Tuesday, promising to create a special ambassador to help lure foreign manufacturers to the U.S. and further entice them by offering access to federal land. He placed a special emphasis on auto manufacturing, saying, “I want German car companies to become American car companies.”… Continue Reading