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Spencer Platt/Getty Images (NEW YORK) -- U.S. stocks tumbled in early trading on Thursday as fallout from the Trump administration's tariffs continued to roil markets.The Dow Jones Industrial Average dropped about 400 points, or nearly 1%, while the S&P 500 fell 1.3%. The tech-heavy Nasdaq sunk 1.8%.The selloff erased some of the market gains delivered a day earlier after President Donald Trump gave U.S. automakers a one-month reprieve from the […]

(NEW YORK) -- The stock market surged on Wednesday afternoon after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier.The Dow Jones Industrial Average climbed about 550 points, or 1.3%; while the S&P 500 jumped 1.25%. The tech-heavy Nasdaq increased 1.5% on Wednesday.Press Secretary Karoline Leavitt said President Donald Trump had ordered the delay of auto tariffs after a request from the Big 3 U.S. […]

(NEW YORK) -- President Donald Trump criticized Canada on Wednesday for what he described as failure to take the steps necessary for the United States to withdraw tariffs imposed a day earlier.Trump said he held a call with Canadian Prime Minister Justin Trudeau on Wednesday during which the two leaders discussed a path to U.S. withdrawal of the tariffs, Trump said, noting such an outcome would require sufficient action by […]

(NEW YORK) -- Price hikes for gasoline and groceries could reach shoppers within days in the aftermath of tariffs imposed by the Trump administration, experts told ABC News.Some products such as auto fuel and fresh produce will be hit with near-instant price increases, while others like cars, laptops and children’s toys will show hikes in the coming weeks and months, they said.The Trump administration imposed 25% tariffs on goods from Mexico and Canada, as well […]

(NEW YORK) -- China issued a warning on Wednesday night that it stands ready for any "type of war" with the United States in the aftermath of tariffs imposed hours earlier by the Trump administration.A spokesperson for the Chinese foreign ministry said the tariffs would not lead to a resolution of U.S. concerns about fentanyl originating in China."If the U.S. truly wants to solve the fentanyl issue, then the right […]

(RIO GRANDE CITY, TEXAS) -- Emily Williams Knight, president and CEO of the Texas Restaurant Association, represents 58,000 restaurants that employ 1.5 million Texans. That breaks down to 11% of the state's workforce that could potentially be impacted by the 25% tariffs on Mexican imports that just went into effect.All Tuesday morning she was on calls and in meetings, calming fears because people believe Texas will feel the brunt of […]

(NEW YORK) -- The stock market fell in early trading on Tuesday, just hours after the Trump administration’s long-promised tariffs took effect.The Dow Jones Industrial Average dropped nearly 800 points, or 1.8%; while the S&P 500 also fell 1.8%. The tech-heavy Nasdaq tumbled 1.6%.The policy taxes imports from Mexico, Canada and China -- the three largest trading partners of the United States -- meaning that it could raise prices for everything from […]

(WASHINGTON) -- America's closest neighbors, Canada and Mexico, excoriated President Donald Trump for slapping historic tariffs on goods from their countries.Trump's broad tariffs went into effect on Tuesday, along with increased duties on goods from China, a move that prompted a swift retaliation from Beijing."President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest," the White House said in a statement.Goods entering the U.S. from Mexico […]

(NEW YORK) -- The stock market fell in early trading on Tuesday, just hours after the Trump administration’s long-promised tariffs took effect.The Dow Jones Industrial Average dropped nearly 800 points, or 1.8%; while the S&P 500 also fell 1.8%. The tech-heavy Nasdaq tumbled 1.6%.The policy taxes imports from Mexico, Canada and China -- the three largest trading partners of the United States -- meaning that it could raise prices for everything from […]