Wall Road shares plummeted after Donald Trump refused to rule out the potential for a recession ensuing from his tariffs. The Dow Jones Industrial Common dropped 89 factors, the S&P 500 closed down 2.7 % and the Nasdaq sank 4 %, its greatest one-day loss in 5 years. Tesla shares nosedived, closing the day down 15 % as a backlash in opposition to Elon Musk’s politics intensified. Plus, Japan auctioned off a portion of its emergency stockpiles of rice in an effort to convey costs down.
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After China unveiled steep retaliatory tariffs on American exports on Wednesday, Treasury Secretary Scott Bessent issued a pointy and considerably stunning response: “So what?”The query underscored the Trump...
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