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"The markets are going to boom, the stock is going to boom, the country is going to boom," Trump told reporters Thursday afternoon, saying the reaction to his policies is "going very well."
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Andrzej Skiba, Head of BlueBay U.S. Fixed Income at RBC Global Asset Management, joined Forbes' Maggie McGrath to talk about the market reaction to Trump's retaliatory tariffs and what they mean for the U.S. economy.
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Many sportswear brands shifted production away from China to avoid tariffs imposed years ago, but now they face punishing levies targeting alternative manufacturing hubs.
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President Trump announced sweeping tariffs on imported goods, which were higher and broader than many expected. The new import taxes are expected to raise prices and slow growth in the U.S., while pushing many other countries into recession.
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Hilton, Marriott and Choice Hotels are the "most exposed" and analysts warn of higher costs for hospitality giants as travel demand slows.
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Trump's tariffs have caused widespread panic among stock investors, leading to a greater risk of recession.
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Trump Tariffs Live Updates: U.S. Markets Plunge From Shock of Tariffs The New York TimesLive updates: Trump unveils tariffs, administration news | CNN Politics CNNWe're jumping into this tariffs-driven market plunge and buying two stocks CNBCStock market today: S&P 500, Nasdaq plunge, Dow drops 1,200 points as Trump's tariffs rip through global markets Yahoo FinanceTrump tariffs live updates
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Tesla Stock Tanks Amid Musk Rumors, Trump Tariffs, Dismal Delivery Data. What's Next. Barron'sTesla sales plunge: Biggest decline in history CNNTesla's Global Vehicle Deliveries Sank 13% in First Quarter WSJTesla reports 13% drop in first-quarter vehicle deliveries from a year ago CNBC
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The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.
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Apple, Nvidia, Tesla, Nike, RH, Dollar Tree, Walmart, and More Stock Market Movers Barron'sApple Leads Premarket Slide In Tech Stocks As Trump's Reciprocal Tariffs Trigger Global Selloff ForbesHere's where Apple makes its products — and how Trump's tariffs could have an impact CNBCUS tech, retail stocks lead rout after tariff shock Reuters
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