Business & Market

The president recently implemented 25 percent tariffs on automobiles manufactured outside the United States.

High volatility in the market was driven by headlines from Washington and rising bond yields.

Rates on the benchmark 30-year fixed mortgage have climbed above 7 percent amid tariff and bond market turbulence.

The Trump administration is prioritizing oil production, with the Maritime Administration approving a deepwater port that can export 2 million barrels daily.

The Biden-era rule would have drastically expanded tax reporting requirements for digital asset transactions.

Prices could hit $4,000 by the end of this year, an investment expert said.

A day earlier, all three indexes posted significant gains, with the Dow Jones increasing by nearly 3,000 points.

Indices from Tokyo to Frankfurt all experienced rapid rises following the president’s announcement.

The price of oil has fallen over 12 percent over the course of the week since Trump announced his tariffs.

The Dow soared by nearly 3,000 points, while the Nasdaq went up by 12.1 percent.

‘Global and domestic actions are generating insecurities in abundance, both political and economic,’ the NFIB wrote in a commentary.

The company posted better-than-expected first-quarter earnings.

The benchmark ASX 200 index of the top 200 companies in Australia fell 2 percent on April 9.

The extra tariffs are set to hit China’s exports, a key pillar of the CCP’s ailing economy.

The Dow Jones was down 800 points by Tuesday at 4 p.m. ET.