Canada is set to host the Group of Seven summit, welcoming U.S. President Donald Trump amid escalating trade tensions. As Trump wages a trade war against America’s allies, the summit is poised to address critical issues impacting international relations.
U.S. stocks took a significant hit as global investors grow wary due to President Trump’s trade war and criticism of the Federal Reserve. The S&P 500 fell 2.4% on Monday, now standing 16% below its record high set two months ago.
Global markets are reeling as the dollar and stocks tumble while gold reaches record highs following China’s retaliation against the latest U.S. tariffs. Investor panic has returned, signaling a significant shift in market sentiment amid escalating trade tensions between the world’s two largest economies.
Global stock markets experienced significant turbulence on Wednesday as President Donald Trump’s trade war intensified. While Wall Street managed to rise, European and Asian markets tumbled alongside plunging oil prices.
As President Donald Trump’s trade war escalates, the U.S. stock market remains a beacon of steadiness amid sharp swings in global markets.
A longtime Tesla supporter has slashed his price target for the company by 43%, citing a “perfect storm” of challenges. The reduction highlights concerns over Elon Musk’s association with the Trump administration and the negative impacts of President Trump’s trade war on Tesla.
Connecticut officials are urgently seeking to block new tariffs on Canadian electricity that could drive up energy costs for consumers already burdened by high bills. U.S. Senator Richard Blumenthal warns that the 10% tariffs imposed by President Donald J. Trump may lead to a “tsunami of skyrocketing prices,” impacting both electricity and gasoline prices across the state.
