President Donald Trump’s latest tariff moves drew worries from Wall Street Friday as stocks slumped and Treasury yields fell sharply.
Trump signed an order Thursday night imposing steep tariffs on 66 countries, the European Union, Taiwan and the Falkland Islands to go into effect on Aug. 7 — making good on a threat he originally scheduled for April but postponed twice until Aug. 1.
The markets are also reacting to government reports of a dramatic slowdown in hiring as businesses, investors and the Fed operate under a cloud of uncertainty from months of tariff policy news.
Meanwhile, Trump’s envoy visited Gaza, where US-Israeli aid distribution is blamed for more Palestinian deaths. At home, some members of Congress are meeting with constituents who are angry over the Republicans’ unpopu