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We spoke to experts to learn how Trump's tariffs will affect mortgage rates and the housing market.
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The White House had a TikTok deal. Trump's China tariff wrecked it. The Washington PostTrump to extend TikTok ban enforcement deadline after China tariffs derail deal CNNWho could buy TikTok? Amazon, Blackstone, OnlyFans founder among the bidders USA TodayA deal for TikTok seemingly falls hostage to the US-China trade war ABC News
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Trump's Trade War Escalates as China Retaliates With 34% Tariffs The New York TimesMarkets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs AP NewsChina imposes a 34% tariff on imports of all U.S. products starting April 10 ABC7 New YorkTrade war escalates as China hits back with 34% tariffs on all U.S. goods NPR
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Market for public listings had begun to show some signs of life but fallout from levies has forced groups to hold off
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Trump said in a social media post this would be the "perfect" time for the central bank to cut rates, but inflationary impact of tariffs could be an issue.
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The gain was stronger than expected, though the impact of President Trump's tariffs and other policies on the labor market has yet to play out.
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Budget forecasters ratchet up projected interest costs if GOP tax cuts aren't paid for PoliticoSenate kicks off all-night 'vote-a-rama' as Democrats plan to press GOP on Trump, DOGE Fox NewsRepublicans moving ahead with Trump's 'big' bill of tax breaks and spending cuts amid tariff uproar AP News
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Shoppers will see uneven price increases on imported goods.
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On "Forbes Talks," Forbes staff writer Giacomo Tognini spoke to Maggie McGrath President Trump's tariff rates, their impact on the economy, and the billionaires who have lost the most net worth as the stock market crumbled.
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Jerome Powell warns on Trump's tariffs: High inflation could be here to stay CNNPowell sees tariffs raising inflation and says Fed will wait before further rate moves CNBCFed's Powell Signals Help Coming, But Not Yet; S&P 500 Dives Investor's Business DailyNasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts Fortune
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Jerome H. Powell, chair of the Federal Reserve, says the central bank's "obligation" is to ensure that a "one-time increase in the price level does not become an ongoing inflation problem."
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Canada and other countries also readied retaliation after President Trump raised U.S. tariff barriers to their highest level in more than a century.
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House Republican plans bill to let Congress block Trump tariffs AxiosHouse Republican moves to rein in tariff powers PoliticoMore US Senate Republicans voice support for congressional oversight on tariffs ReutersRepublicans weigh using the power of Congress to rein in Trump on tariffs NBC News
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Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump's tariff rout deepens: Live updates CNBCTrump Tariffs Live Updates: S&P 500 Drops 6% as Stock Market Rout Intensifies The New York TimesStock-market rout continues as investors rattled by Trump tariffs The GuardianDow plunges 2,200 points as tariff tumult rocks markets CNN
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Fears that President Trump's tariffs could slash global economic growth — and demand for oil — are weighing on the market.
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All three networks crossed the million-viewer mark during the 4 p.m. hour.
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Mortgage rates fell sharply Thursday, following the Trump administration's tariff announcement, but a huge share of Americans still can't afford to buy a home.
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The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?
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Reactions and predictions have been mixed when it comes to the long-term impact on the U.S. economy.
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