Inside Trump’s defiant response to the markets’ tariff meltdown
CNN
President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress. So far, the president is defiant in the face of the global turbulence.
President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress. So far, the president is defiant in the face of the global turbulence. After a day and a half of mixed messages from Trump and top administration officials over whether the tariffs were the start of a negotiation or a more permanent change to US economic policy, Trump didn’t use Friday to deliver clarity. He didn’t venture out into the country to sell his plan from the floor of an American factory or to showcase a business or community that he believes will benefit from the tariffs. Instead, the president chose to begin his day on the golf course in Florida. The financial markets were already falling by the time he left his Mar-a-Lago resort for a short ride to the Trump International Golf Club. He waved to onlookers as his presidential limousine rolled through the gates. While the president has traveled to Florida nearly every weekend since taking office, he chose to leave the White House a day earlier than normal, creating a split-screen of being on a golf course in one of the wealthiest enclaves in America as economic worries deepened. US stocks plunged a second straight day after China said Friday it would impose 34% reciprocal tariffs on imports of US goods, a development that put a spotlight on just how much is outside of Trump’s control as his economic team tries to pull off an unprecedented high-wire act after launching the most expansive and disruptive tariffs in more than a century. The Dow closed in correction, down more than 10% from its record high in December.
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A federal judge said Thursday that she will prevent the Trump administration from ordering hundreds of thousands of Cubans, Haitians, Nicaraguans and Venezuelans with temporary legal status to leave the country later this month.
Brazil’s former President Jair Bolsonaro has been hospitalized after experiencing “severe abdominal pain,” his son Carlos said on X on Friday.
Ecuadorians will head to the polls on Sunday in a runoff presidential election, choosing between a conservative incumbent or a leftist lawyer as the country struggles with a cocaine-fueled security crisis.
Ecuadorians will head to the polls on Sunday in a runoff presidential election, choosing between a conservative incumbent or a leftist lawyer as the country struggles with a cocaine-fueled security crisis.
The US announced it removed the commander of the Pituffik Space Base in Greenland on Thursday because of a “loss of confidence in her ability to lead,” after Vice President JD Vance’s controversial visit to the semiautonomous island last month.
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Trump’s economic team of rivals braces for turbulence after doing little to curb his tariff appetite
President Donald Trump is happy to talk about the financial markets when they’re rising, as they were on Wednesday, but when markets were falling Thursday in the aftermath of his remarkable turnabout on tariffs, he punted to the closest adviser around.
A sightseeing helicopter plunged from the sky into the Hudson River on Thursday, turning a family outing above Manhattan’s misty skyline into a tragedy.
Four House members from competitive districts — two Republicans and two Democrats — offered a preview of congressional budget battles and the midterm election season to come Thursday night in a CNN town hall.
The Supreme Court on Thursday required President Donald Trump’s administration to “facilitate” the return of a Maryland man mistakenly deported to El Salvador but stopped short of requiring the government to return him to the United States.
Three people people have been recovered from a helicopter that crashed in the Hudson River and taken to the hospital, according to authorities on the scene.
The White House has made clear to Chinese officials that President Xi Jinping should request a call with Trump. But Beijing has repeatedly refused to arrange a leader-level phone call.
Local authorities discovered several pieces of a human body lying on a path in the coastal city of Santa Marta on Sunday.