Senate Minority leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., called for a probe into whether Trump administration officials or those close to them profited from insider knowledge of President Donald Trump's pause on tariffs announced this week.
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Brokerages Slash S&P 500 Annual Targets
Analysts expect U.S. President Donald Trump's tariffs to weaken global economic growth, fuel volatility in global markets and raise inflationary pressures.
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President Donald Trump said Friday that his administration's tariff policy is succeeding, after China's announcement that it is responding to his moves by raising its tariffs on American goods to 125%.
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Consumer Sentiment Plunges on Trade War Angst
Consumer sentiment fell sharply in April, the fourth consecutive month of declines, as an intensifying trade war fueled anxiety over American jobs and rising inflation.
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Sen. Ricketts to Newsmax: China 'One of Biggest Offenders' on Tariffs
China has remained one of the "biggest offenders" when it comes to tariffs against the United States, including with its announcement Friday that it will enforce retaliatory tariffs of 125% on U.S. goods in response to President Donald Trump's moves, Sen. Pete Ricketts said.
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