Donald Trump Loses Biggest Backers Over Tariffs: 'Economic Nuclear Winter'
Monday, 7 April 2025 () Two of President Donald Trump's richest supporters have broken with him over his tariff hikes. Billionaire hedge fund manager Bill Ackman, who endorsed Trump last summer, warned of an "economic nuclear winter" if Trump doesn't immediately pause his sweeping tariffs. And Elon Musk, the billionaire…
Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn. Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for...
Former President Donald Trump has officially confirmed his bid for the 2024 U.S. presidential election, igniting intense reactions across the political spectrum. Trump made the announcement during a..
President Trump confirms no plans to suspend global tariffs despite US stock market dip
There were big swings in US stock throughout Monday's trading session after Trump warned he could raise..
Credit: euronews (in English) Duration: 01:11Published
Asian and European equities collapse on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. US..
Monday, 7 April 2025 ()
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