Surging prices are spooking the stock market
CNN
US stocks tumbled out of the gate Tuesday as investors grow increasingly concerned about raw material price spikes, shortages and inflation.
Prices are rising all over the place as commodities, shipping costs and more related categories become more expensive. Even though the shortages and global supply issues have been lurking in plain sight for months, these worries are really weighing on stocks Tuesday.
President Donald Trump may have delayed most – though not all – of the tariffs he had imposed on Canada and Mexico, but that hasn’t stopped America’s northern neighbors from responding forcefully in retaliation.
US stock futures fell Monday after President Donald Trump said the US economy would see “a period of transition” and refused to rule out a recession, in an interview that aired Sunday.
President Donald Trump did not totally reverse the 25% tariffs he enacted earlier this month on just about every Mexican and Canadian good shipped to the United States.
Workers and executives in the wind industry are deeply worried as the Trump administration has moved to bring the once-booming business to a standstill.
America’s nearly five-year economic boom is starting to show its age.
A one-day strike by workers at 13 German airports, including the Frankfurt and Munich hubs and all the country’s other main destinations, caused the cancelation of most flights on Monday.
Consumer prices in China have plunged to their lowest level in more than a year, highlighting persistent deflationary pressures in the world’s second-largest economy.
Canada’s next leader is a relative political newcomer, coming instead from a decades-long career in finance where he steered governments through major global crises and periods of upheaval – experience he’s hoping to now leverage as he prepares to take over from Prime Minister Justin Trudeau.
Trump said tariffs on some goods from Canada and Mexico planned for April 2 “could go up” and would not predict whether the United States will have a recession.
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