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Several Asian nations reeled on Thursday as they were hit with some of U.S. President Donald Trump's heftiest tariffs, which now threaten the economies that have benefited from investment after Trump imposed levies on China during his first term.
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Standing in the Rose Garden on Wednesday afternoon to unveil his new reciprocal tariffs, U.S. President Donald Trump again falsely claimed that the U.S. subsidizes Canada by hundreds of billions of dollars every year and misrepresented Canada's tariffs on U.S. dairy products.
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S&P 500, Dow Jones and Nasdaq indexes are all down after U.S. President Donald Trump announced harsher-than-expected tariffs on American trading partners.
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Trump announced new tariffs on goods from all countries yesterday. Economists are worried about the domestic and worldwide impact this could cause. And, TikTok nears its sell-by date.
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U.S. President Donald Trump's aggressive and far-reaching "reciprocal tariffs" were signed into effect on Wednesday, hitting over 180 countries.
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China said Thursday it would take all "necessary measures" to protect its legitimate interests after it was hit particularly hard by President Donald Trump's sweeping tariffs on U.S. trading partners around the world.
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A table showing all the new US tariffs announced by President Trump on Wednesday
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