News for April 7, 2025

President Donald Trump’s sweeping tariff moves have jolted markets, raised recession fears, and put China at the center of a fast-moving trade fight.

President Donald Trump’s new tariffs are drawing sharp criticism from some billionaire supporters and business leaders, who warn the policy could hurt growth, raise prices, and trigger a wider trade fight with China.

Wall Street leaders say Trump’s new tariffs have shaken markets, raised recession fears, and could hurt the economy unless they are paused or scaled back.

Business leaders, including BlackRock CEO Larry Fink, are warning that President Donald Trump’s tariffs are hurting growth and could push the economy into a recession.

President Donald Trump threatened to add a 50% tariff on Chinese imports if China does not withdraw its planned retaliatory tariff, escalating the trade fight between the two countries.

Bill Ackman warned that President Donald Trump’s broad new tariffs could badly hurt the US economy, investment, and market confidence unless they are rolled back fast.