AllSides - Balanced News
AllSides - Balanced News

AllSides - Balanced News

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Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports. Virtually every sector suffered big losses as U.S. financial markets closed with their biggest one-day drop since COVID-19 flattened the global economy five years ago.

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JD Vance to Newsmax: 'Feeling Good' About Tariffs Despite Bad Day

Vice President J.D. Vance touted the implementation of tariffs despite Thursday's massive stock market sell-off, telling Newsmax the Trump administration is "feeling good" while also reassuring one midwestern GOP senator that American farmers are going to be among those who "reap the rewards" in the end. Vance joined "Rob Schmitt Tonight" to react to the Dow Jones tumbling 1,679 points on Thursday in reaction to President Donald Trump's tariffs. Vance asserted that "one...

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Trump tariffs slam markets, stunned investors brace for slow growth, retaliation

Global investors grappled on Thursday with rising chances of an economic downturn and a sprawling trade war, as they scrambled for safe-haven assets to buffer against fallout from U.S. President Donald Trump's sweeping tariffs. Markets were stunned late on Wednesday when Trump announced Washington's steepest trade barriers in more than 100 years. The move slammed stock markets and the dollar as investors sought safety in assets like bonds and the Japanese yen.

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Trump Just Bet the Farm

Donald Trump is not known for doing his homework — he’s more of a go-with-my-gut kind of guy. What I find most terrifying about what Trump is doing today is that he seems to be largely relying on his gut to bet that he can radically overturn how America’s institutions have operated and the way the nation relates to both its allies and enemies — and get it all right. As in, America will become stronger and more prosperous, while the rest of the world will just adjust. Next question.

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Ex-Biden campaign staffer slams former president's team for knowing he was 'not capable,' feels 'lied to'

Former Biden campaign aide Ashley Allison said Wednesday that she felt "lied to" while discussing revelations from a new book about the 2024 presidential campaign, specifically former Biden White House chief of staff Ron Klain revealing that the former president was exhausted and "out of it" during preparation for the June debate.  "Do you feel lied to?" CNN host Abby Phillip asked Allison, who worked on the Biden-Harris 2020 campaign.  Allison said, "Yes. I think I...