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The Trump Effect: Business & Economy

Specialist trader Meric Greenbaum works at his post on the floor of the...

Stocks tumble to worst day in six weeks after Trump tariff action

U.S. stocks slumped on Thursday as President Donald Trump's move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street's three major indexes since they entered correction territory six weeks ago.

U.S. President Donald Trump speaks with the news media before boarding...

Even backers of Trump's economic policies pan tariffs

As U.S. President Donald Trump forges ahead with his controversial trade policies, even financial experts who enthusiastically applaud many of Trump's other policies are worried that the protectionist measures could hurt U.S. growth, Reuters interviews with more than two dozen such specialists show.

U.S. President Trump rrives at Marine Corps Air Station Miramar in San...

Trump makes investment banking fees uncertain again

President Donald Trump's dramatic intervention in Singapore-based Broadcom Ltd's $117 billion hostile bid for U.S. semiconductor peer Qualcomm Inc is the latest reminder to investment bankers not to take lucrative fees on transformative mergers for granted under his administration.

FILE PHOTO: A Canadian flag flies above another industry site with...

Canada's steel town still nervous despite tariff reprieve

A temporary exemption from U.S. tariffs is little comfort to the Canadian steel city of Hamilton, coping with months of uncertainty as U.S. President Donald Trump has threatened a potentially devastating 25 percent duty unless the North American Free Trade Agreement is renegotiated.

Mick Lang looks over the steel slab line at the Novolipetsk Steel PAO steel...

Trump steel tariffs may leave these U.S. steelworkers jobless

Mick Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering U.S. steel industry. Now he worries President Trump's tariffs on imports of the metal will cost him his job.

Trump holds a meeting on steel and aluminum tariffs at the White House in...

Businesses try to coax Trump from tariffs brink, aides quarrel

President Donald Trump, after shocking markets with the risk of a global trade war, came under intense pressure on Friday from U.S. business interests and foreign trading partners to moderate his threat to slap tariffs on steel and aluminum imports.

Trump holds a meeting on steel and aluminum tariffs at the White House in...

Trump's aluminum imports tax will bite domestic industry

U.S. plans to slap taxes on aluminum imports will make life more expensive for its manufacturers which use the metal to make high value products like cars, because the U.S. doesn't have the capacity to produce what it needs.

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