It will all end in flames

Apr 02 from http://gizmodo.com/

Trump’s Tariffs Are Here to Jack Up the Price of Your Switch 2 (and Everything Else)

Donald Trump made good on his promise Wednesday to impose sweeping tariffs on all goods entering the U.S. in a move that’s almost universally expected to raise prices for American consumers. Announced by the president in the Rose Garden of the White House, the tariffs will include 10% across the board, with additional tariffs of much higher percentages against countries Trump thinks are...

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Apr 02 from https://edition.cnn.com/business/tech

Key takeaways from Trump’s ‘Liberation Day’ tariffs

Washington CNN — President Donald Trump on Wednesday unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” Trump’s risky bet to address unfair trade practices could send prices higher for American consumers and weaken economic growth, according to most economists. Using national emergency powers,...

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Apr 02 from https://edition.cnn.com/business/tech

Stock futures plunge as investors digest Trump’s tariffs

New York CNN — US stocks plunged in after-hours trading Wednesday as investors digested President Donald Trump’s decision to impose sweeping tariffs that could escalate a growing trade war and upend the global economy. Dow futures plummeted more than 1,100 points, or 2.7%. S&P 500 futures sank 3.9%. Futures tied to the Nasdaq 100 plunged 4.7%. US stocks closed higher Wednesday afternoon...

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Apr 02 from https://edition.cnn.com/business/tech

Trump just massively escalated his trade war. Here’s what he announced

CNN — President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession. On Wednesday, Trump declared a national economic emergency and announced tariffs of at least 10% across all countries, with rates going even higher for 60 countries deemed the “worst offenders,” according to...

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Apr 02 from http://theintercept.com/

Trump Just Pardoned … a Corporation?

Amid a flurry of pardons President Donald Trump issued to white-collar criminals last week, one name that has largely escaped notice did not belong to a person at all. In what may have been a first, Trump pardoned a corporation. The company to earn that distinction was a cryptocurrency exchange sentenced to a $100 million fine for violating an anti-money laundering law. “As far as I know,...

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