The Latest Breaking News on Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

In “one of the largest single-month changes” it has ever made to its forecast, S&P Global Mobility cut 700,000 cars from its annual U.S. sales estimate.

Amid Donald Trump’s escalating tariff war with China, the world has been left in no doubt. Consistent with his campaign messaging, and going against the overwhelming majority of economists’ advice, it’s clear that the US president still loves tariffs. He is ready to use them as a bargaining tool –…

The blistering tariff war launched by Donald Trump this month cast a shadow Tuesday as businesses met to strike deals at a trade show in southern China, for decades a key hub for exports to the United States.

There is a middle ground on tariffs. But Democrats’ free-trade advocacy allows Trump to play the populist

June S&P 500 E-Mini futures (ESM25) are up +0.05%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.14% this morning, pointing to a muted open on Wall Street, while investors await U.S. economic data, quarterly reports from more big banks, and remarks from Federal Reserve officials.

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.

Vietnam is Xi Jinping’s first stop on a three-nation Southeast Asia tour, as China and the U.S. escalate their trade war.

Also: Auto tariffs on hold, maybe., Zuck will testify again today in FTC breakup case.

Amid Global Tariff War, Markets Open In Green, Sensex Up By More Than 1500 Points. Read more at Dynamite News.