Trump doubles on August 1 tariff deadline as stocks continue to fall



  • Market expands down slides The S&P 500 fell 0.07% on Tuesday as investors remained alert about the looming tariff deadline.

Celebrating after June saw The S&P 500 hit record highs and the start of July was a frustrating start. As President Trump, the Investor’s Tariff Threat once again shrouded in persist in He will hold a new negotiation deadline on August 1, April 1, which is the tax he announced in April.

Stocks continued to decline from Monday, with the S&P 500 falling 0.07%, driven by a small decline in Blue Chip. Amazon and Microsoft. To avoid the hope of delaying the alert onlookers, Trump published “Society of Truth” in “Society of Truth”, which will be the final opportunity for US trading partners to come to the table. illustrate The deadline is not “100% company”.

“The extension will not be approved,” he wrote on the social media platform. “Thank you for your attention on this matter!”

Trump’s second term was an economic roller coaster, with stocks falling sharply after the April Liberation Day tariff announcement and then recovering after he pulled out of much-needed demand. But even if the market tick returns, the original extension of July 9 is still the time bomb of the tick. And Trump sign Monday’s executive order pushed the deadline to August 1 again, which was not enough to calm investors.

Imminent reciprocity tariffs aren’t the only expected economic policy for the White House this week, White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent CNBC Monday, it will be a “busy few days.” Trump on Tuesday Announce The new 50% tariff on copper, although he did not set a date for its entry into force. So far, the White House has only Hammer Dealing with the UK and Vietnam, the expected agreement with India remains uncertain.

Although the market kept pounding, Trump continued to put pressure on Fed Chairman Jerome Powell. Trump told reporters on Tuesday that Powell should “resign immediately” again, again criticize The central bank’s decision not to lower interest rates. However, Powell believes that the potential impact of tariffs on inflation is the reason why the Fed remains stable.

Despite volatility, stocks did not drop as sharply as in April when Trump first announced the tariff movement, which put the market in a decline. Although his Tuesday article on the Truth Society insists that August 1 will be the last chance for state negotiations, he has moved the goal posts several times in the past.

Tuesday’s Red Sea is a highlight TeslaDespite CEO Elon Musk’s argument with Trump, it rose 1.33% on Tuesday. In a new note on Tuesday morning, Wedbush analyst Dan Ives Write Tesla has reached a “turning point” calling on the board to end the “soap opera”. One of his suggestions is Musk to reduce his work, including his recent campaign to establish a new party.

In Ives, he posted his request to xMusk published an introduction reply: “Shut up, then.”

Introduce 2025 Fortune 500the confirmed ranking of the largest companies in the United States. Explore this year’s list.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *