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Fed chair says Trump's trade wars are starting to worry businesses, and the end result could be ugly

4 monthes ago   |   By

Drew Angerer/Getty Images
Federal Reserve Chair Jerome Powell weighed in on President Donald Trump's trade policy in an interview released Thursday.
Powell said the eventual result of Trump's tariffs and increased protectionism remains unclear.
But he offered support for lower trade barriers in general.
Powell also referenced a worst-case scenario in which tariffs drive up prices for consumers while also hurting the economy overall.
Federal Reserve Chair Jerome Powell, in an interview published Thursday, suggested he isn't sure how President Donald Trump's trade battles are going to turn...
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The Nasdaq hits an all-time high

The Nasdaq hits an all-time high

4 monthes ago   |   By

David Ryder/Getty Images All three major US indices rose Thursday, with tech stocks lifting the Nasdaq Composite index to a record high, as markets shook off an escalating trade war and eyed earnings season. The dollar and Treasury yields climbed higher.
Here is the scoreboard:
Dow Jones industrial average : 24,925.63 +225.18 See the rest of the story at Business Insider NOW WATCH: Why the World Cup soccer ball looks so different See Also: MORGAN STANLEY: The stock market is taking a major turn for the worse, and it's bad news for tech stocks An unauthorized copy of an investing bible that...
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Clothing, cellphones, computers: Here's what another round of Trump's tariffs against China could include

Clothing, cellphones, computers: Here's what another round of Trump's tariffs against China could include

4 monthes ago   |   By

Getty Images/Pool
The Trump administration said it's preparing tariffs on $200 billion worth of Chinese goods.
President Donald Trump warned another round of the same scale would be possible if China retaliates.
Analysts say that would likely hit cellphones, clothing, shoes, toys, and computers.
President Donald Trump announced Tuesday that tariffs on another $200 billion worth of Chinese goods are in the works, earlier warning an additional $200 billion could be targeted if Beijing retaliated on such a move.
Officials vowed they would. See the rest of the story at Business Insider NOW...
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Clothing, cellphones, computers: Here's what another round of Trump's tariffs against China could include

Clothing, cellphones, computers: Here's what another round of Trump's tariffs against China could include

4 monthes ago   |   By

Getty Images/Pool
The Trump administration said it's preparing tariffs on $200 billion worth of Chinese goods.
President Donald Trump warned another round of the same scale would be possible if China retaliates.
Analysts say that would likely hit cellphones, clothing, shoes, toys, and computers.
President Donald Trump announced Tuesday that tariffs on another $200 billion worth of Chinese goods are in the works, earlier warning an additional $200 billion could be targeted if Beijing retaliated on such a move.
Officials vowed they would. See the rest of the story at Business Insider NOW...
Read more ...

 

Trump's trade war with China is about to start hitting your wallet

Trump's trade war with China is about to start hitting your wallet

4 monthes ago   |   By

Sean Gallup/Getty Images
President Donald Trump's latest threat in the US-China trade war could harm US consumers.
The proposed list of goods that could be subject to a 10% tariff includes many consumer products.
This would cause an immediate price increase on those goods for US consumers.
President Donald Trump's escalating trade war with China could very quickly get very real for millions of Americans.
Trump's tariffs on Chinese goods have so far mostly spared US consumers, focusing instead on industrial materials such as bulldozers or large factory equipment. While those costs would...
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