Wall Street falls as Trump pressures trading partners
Stocks on Wall Street closed broadly lower Monday as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
Stocks on Wall Street closed broadly lower Monday as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
Leaders of the BRICS group of emerging economies meeting for their annual summit had hoped to downplay any differences with the U.S., but President Trump’s tariff threats overshadowed the event.
Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs.
RIO DE JANEIRO: US President Donald Trump’s decision to hit “anti-American” BRICS nations – including China and India – with an extra 10 per cent
Президент США Дональд Трамп в понедельник подпишет указ об отсрочке введения тарифов против других стран с 9 июля до 1 августа, что должно дать больше времени для заключения торговых соглашений.
Developing nations at the BRICS summit reject U.S. accusations of being ‘anti-American’ amid tariff threats from President Trump.
President Donald Trump imposes 25% tariffs on Japanese and South Korean goods, citing trade imbalances and threatening retaliation against countermeasures.
The US Dollar (USD) kicks off the week on a firmer footing against its major peers, supported by safe-haven demand following Trump’s tariff announcements and fading expectations of near-term Federal Reserve (Fed) rate cuts.
India under Modi’s leadership aims to redefine BRICS, focusing on resilience, innovation, and global cooperation for common challenges.