(Reuters) -U.S. stocks face a tenuous moment with the arrival of President Donald Trump's latest tariffs. Tariffs are exacerbating the headache. Trump has said proposed 25% tariffs on Mexican and Canadian goods will take effect on Tuesday, along with an extra 10% duty on Chinese imports.
(Bloomberg) -- European markets are coming to grips with a looming era of higher government spending as the transatlantic alliance that’s endured for almost 70 years starts to buckle under the weight of Donald Trump’s shift toward Russia and US protectionism. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 B
On Monday, reports surfaced that Nvidia chips were making their way to customers in China, with the high-end tech circumventing strict US export controls.
NEW YORK/LONDON/SINGAPORE (Reuters) -The dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the U.S. economy outweighed any potential boost from new levies on Canada, China and Mexico. President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect Tuesday, along with a doubling of duties on Chinese goods to 20%. In response, China said it will impose additional tariffs of 10-15% on certain U.S. imports from March 10.
Betting markets are shifting, with the odds of the war ending in the first 90 days of Trump's presidency down to about 20% on Monday.
Denholm, who has been Tesla's board chair since November 2018, sold 112,390 securities in the automaker, according to the filing. Earlier this year, Denholm, alongside other Tesla directors, received court approval for a settlement worth up to $919 million that requires they return compensation to resolve allegations they overpaid themselves. The suit challenged director compensation at the automaker as excessive from 2017 to 2020 over the period of which Tesla surged, leading stock options received by directors to become worth hundreds of millions.
Markets could see fresh volatility this week amid updates on Trump's tariff plans, the job market, and central bank's outlook for the economy.
Investors dumped stocks on Wall Street late Monday after President Donald Trump said his threatened tariffs on Canada and Mexico would go forward as planned early Tuesday.
Costco Wholesale is set to report earnings after the bell Thursday for the second quarter of fiscal 2025, with analysts expecting rising revenue and profits.
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