U.S. stock markets took a beating yesterday following Wednesday’s Rose Garden launch of President Trump’s tariffs on most of the world’s nations, with the big three indices suffering their worst losses since the early months of COVID 2020. The Dow Jones Industrials average dropped nearly four percent or 1,679 points, while the S&P 500 lost 274 points or 4.84 percent, and the NASDAQ was off 1,050 points or nearly six percent. WRCR market analyst Ken Mahoney of Mahoney Asset Management says the results of the tariffs could be catastrophic…
Ann Zeilingold of FM Home Loans in New City says she hasn’t seen major movement in her industry, though that could change…
A baseline tariff rate of 10% goes into effect for all countries on April 5th. CNBC reported that JPMorgan economists said recession is likely if these new tariff rates stay as-is and aren’t negotiated lower.