Pharmaceutical stocks are reeling after Trump reiterated that he is planning to impose “major” tariffs on drug imports
In 2024, approximately 1.6 million Chinese tourists visited the United States
The EU considers US tariffs unjustified and damaging
Stocks dropped Tuesday as a relief rally proved short-lived
The scenario has presented a case for a global recession
Speculation on Monday about a potential tariff pause was quickly shut down by the White House
The steep new tariffs follow President Trump's threat last week to impose punitive measures if China didn’t roll back its retaliatory 34% tariffs
The $1 billion-plus potential penalty comes from export control regulations
Some countries could find an opportunity in the distress of those, like Bangladesh and Vietnam
Cambodia is being hit with the biggest single nation tariff rate of all, at 49%
Tesla CEO Elon Musk is sharply escalating his attacks on top Trump trade advisor Peter Navarro as he defends his car company and chafes against the administration’s tariff plans.
The S&P 500 fell 11.83 points, or 0.2%, to 5,062.25
Oil was already reeling from last week’s market surprise
The platform will equip small businesses with fast, secure, and cost-effective customizable solutions
The addition of International Workplace Group’s latest location in Regus at El Gouna marks its 18th location in Egypt
Further uncertainty was delivered just before the European close
Trump has also opposed the deal, but the president appeared to soften his position
Traders expect the central bank to lower its benchmark interest rate
In the U.K., the Investigatory Powers Act of 2016 empowers the government to compel tech companies to weaken their encryption technologies
Trump’s threat is the latest tit-for-tat between the U.S. and China in the last week
The dollar index rallied sharply following Trump’s win on Nov. 5
Trump’s tariffs cover some 70% of the EU’s exports to the United States
China’s Finance Ministry announced it would impose a 34% tariff on all goods imported from the U.S.
Senate Republicans contend the cost is $1.5 trillion
The S&P 500 nosedived 5.97% to 5,074.08, the biggest decline since March 2020
The Stoxx 600 closed 2.57% lower on Thursday
The drop in rates comes at a good time for the housing market
Powell stressed that meeting the inflation side of its mandate will require keeping inflation expectations in check
It could be used to reduce the US national deficit
Deutsche Bank warned that the euro area’s gross domestic product could suffer a hit of 0.4-0.8 percentage points