While you were sleeping: Trump’s tariffs sink Wall St

Thu, 01 Mar 2018

By Margreet Dietz March 2 (BusinessDesk) - Wall Street declined, while Treasuries rose, after US President Donald Trump said the US will impose tariffs on steel and aluminum imports next week. To be sure, shares of the nation’s steel and aluminum companies including US Steel jumped after Trump said the US will impose tariffs of 25 percent on steel imports and 10 percent on aluminum. Investors were also digesting clues on the outlook for US interest rates. In testimony to the the Senate Banking Committee, Federal Reserve Chairman Jerome...

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