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Stocks Slide As Trump's New Tariff Sweep Offsets Earnings

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International Business Times Fews App News Provider
Fews App Post Time 18d ago

Most markets fell as traders digested Donald Trump's latest tariff salvo AFP Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants. With hours to go before Trump's August 1 deadline for governments to make toll-averting deals, the president unveiled a list of sweeping levies. Shares in European pharmaceutical firms meanwhile slumped following the president's threat to punish them if they did not lower prices for medicines in the United States.

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