Trump says no pause on tariffs after rollercoaster day on Wall Street ends with most US markets down
Monday, 7 April 2025 Donald Trump has ruled out pausing the sweeping tariffs he has imposed on countries across the world after a rollercoaster day on Wall Street that ended with most of the US markets down.
Watch the New York Stock Exchange (NYSE) opening bell ring in New York City, marking the start of the trading day. A key tradition on Wall Street, this event sets the tone for financial markets across the globe. Stay tuned for live market updates, investor sentiment, and economic indicators.
President Trump now says he has “no intention” of firing Federal Reserve Chair Jerome Powell, despite calling him a “major loser” just days ago. Trump’s sudden reversal—delivered in the Oval Office—comes after sharp criticism and market turbulence. Wall Street surged on the news, as fears of a central bank shakeup faded. Trump had previously accused Powell of failing to cut interest rates. The about-face follows internal White House talks on removing Powell, who is legally protected until 2026. Critics warned that firing him could destabilize the entire financial system.
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Senator Elizabeth Warren is calling for an investigation into whether Donald Trump manipulated tariffs to benefit his Wall Street donors. As working families and small businesses struggled with policy whiplash, did insiders profit off inside information? Warren says it reeks of corruption and demands answers. Her bold push adds fuel to ongoing scrutiny of Trump’s economic legacy and deep financial ties.
#ElizabethWarren #Trump #WallStreet #Corruption #Tariffs #InsiderTrading #Politics #BreakingNews #TrumpScandal #MarketManipulation #InvestigateTrump #Economy
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China-US Tariff War: President Donald Trump has declared a 90-day pause on all new "reciprocal" tariffs, excluding China, which now faces a 125% levy. The decision triggered a massive rally on Wall Street, with the S&P 500 seeing its best day since 2008. Trump emphasized the need to avoid hurting friendly nations. However, economists remain cautious—Goldman Sachs warns of a 45% chance of a U.S. recession. Despite market optimism, analysts suggest the pause may not fully counteract the economic turbulence sparked by the ongoing global trade war.
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Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn. Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for 2025 to 0.5%. The move comes after a global market meltdown, with China experiencing its biggest crash since 2008 and the EU facing harsh tariffs of 20%. Meanwhile, JPMorgan highlights US trade policies as the biggest risk to the global economic outlook, as retaliation, supply chain disruptions, and business uncertainty intensify. With Wall Street witnessing a $6.6 trillion wipeout in just two days, investor Bill Ackman warns that these policies could lead to an "economic nuclear winter." As countries like Canada and the EU consider stronger responses, the global trade landscape enters a volatile new phase.
#Trump #StockMarketCrash #Economy #RecessionFears #FederalReserve #JPMorgan #GlobalRecession #Tariffs #TradeWar #WallStreet #ChinaCrash #USEconomy #GoldmanSachs #InterestRates #EconomicChaos
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The Trump Fiasco: How A Tariff Blitz Crashed The World Economy, What’s Next? :: https://www.oneindia.com/international/the-trump-fiasco-how-a-tariff-blitz-crashed-the-world-economy-what-s-next-4116797.html?ref=DMDesc
Global financial markets are in freefall after the U.S. administration’s sweeping tariff announcement sparked a chain reaction of panic selling. Wall Street witnessed a historic two-day bloodbath, erasing $6.6 trillion in market value. China responded swiftly with a 34% retaliatory tariff, triggering a 10% crash in its own markets—the worst since 2008. Asia-Pacific markets nosedived, with Japan’s Nikkei plunging nearly 9% and Vietnam suffering significant declines under a 46% U.S. tariff. Europe wasn’t spared either, as the STOXX 600 and major regional indices tumbled across the board.
#GlobalCrash #WallStreet #TariffWar #ChinaTariffs #TrumpEconomy #RecessionFears #StockMarketPlunge
#USChina #TradeWar #Nikkei #DowJones #EconomicCrisis #GlobalMarkets #MarketMeltdown #TariffCrisis
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'Peace is not possible': Kyiv residents remain pessimistic over Trump-Putin talks
Ukrainian citizens view the Russian president's words to Donald Trump as a "stalling tactic," as Moscow's all-out war continues well into its fourth year.
READ MORE : http://www.euronews.com/2025/05/20/peace-is-not-possible-kyiv-residents-remain-pessimistic-over-trump-putin-talks
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SCHUMER vs TRUMP: Senator Chuck Schumer is under fire after suggesting that a Trump-era hiring freeze may have contributed to a tragic Mexican Navy ship crash at the Brooklyn Bridge that killed two cadets. Schumer pointed to weakened Coast Guard staffing as a potential cause, linking it to national security concerns. However, the Department of Homeland Security dismissed his claims, saying the Coast Guard was exempt and fully operational. Conservatives and media figures blasted Schumer’s remarks as baseless and political, with Fox News’ Mark Levin calling him “stupid and evil.”
#ChuckSchumer #Trump #ShipCrash #BrooklynBridge #MexicanNavy #NYCNews #USPolitics #CoastGuard #MarkLevin #FoxNews #SchumerBacklash #HiringFreeze #NationalSecurity #BreakingNews #VesselTraffic #BridgeCrash #SenateNews #DHS #ConservativeTwitter #PoliticalControversy #SchumerVsTrump #BlameGame #CoastGuardNews #PublicSafety #MarineAccident #TrumpEraPolicy #VesselMonitoring #SocialMediaBacklash #NYCIncident #PoliticalFirestorm
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