On Thursday morning, Tim Cook, Apple’s chief executive, woke up to the worst day for his company’s stock in five years. Apple shares fell more than 9 percent in response to President Trump’s plan to […]
Tag: International Trade and World Market
How Countries Reacted to Trump’s Tariffs
Here is how some of the United States’ key trading partners responded on Thursday to President Trump’s stiff new tariffs: China: The Commerce Ministry in Beijing vowed countermeasures against the sweeping new tariffs, which it […]
Europe Has Economic Power. Can It Use It Against Trump’s Tariffs?
The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic […]
Ted Cruz and Other Senate Republicans Question Trump’s Tariffs
Some Republican senators on Capitol Hill, including one of President Trump’s most ardent supporters, have signaled their uneasiness to the sweeping global tariffs that the president announced this week and that sent global markets reeling. […]
Trump Is Defiant as Tariff Moves Roil Markets a Second Day
Two days after President Trump announced his expansive global tariffs, the United States confronted wide-ranging and painful blowback, as China retaliated against American goods and markets plummeted again on worries of a persistent, damaging trade […]