The S&P 500 has officially entered correction territory, falling more than 10% from its peak as Donald Trump’s escalating trade wars send shockwaves through the market. With tariffs on steel and aluminum now in effect, and threats of new tariffs on European goods, investors are on edge. The Nasdaq Composite is also feeling the pressure as Wall Street grapples with uncertainty and volatility.
In a dramatic escalation of tensions, President Trump announces new tariffs on steel and aluminium, prompting swift retaliatory actions from Canada and the EU. Concerns rise over the impact on global economies and consumers.
In a strong response to the U.S. tariffs on steel and aluminum, the EU has announced retaliatory measures affecting $28 billion worth of U.S. imports, straining transatlantic relations and raising economic concerns.
In a bold move, the European Union has announced countermeasures against the U.S. tariffs on steel and aluminum, targeting €26 billion worth of American goods. Ursula von der Leyen warns of economic uncertainty and rising prices on both sides of the Atlantic.
Find out how President Trump's tariffs on steel and aluminum are set to raise prices on consumer goods like cars, beverages, home appliances, and bicycles, potentially impacting the economy and consumer spending.
Get a glimpse into Trump's aggressive trade strategy as reciprocal tariffs on an international scale threaten to disrupt global trade alliances and economies.
