Trump threatens 35% tariff on Canadian goods
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Trump said this week that there would be no new extensions granted for the August 1 deadline. Market pros tell BI where they see winners and losers.
Investors have had their fair share of things to digest this week. Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan (FCX) up almost 5% on the week.
The S&P 500 and Nasdaq composite closed at record highs on Thursday, and ended the week just below those levels.
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news
Levi’s increased its full-year earnings projections despite higher tariff rates, sending the stock higher in after-hours trading.
President Donald Trump's latest tariff threats were adding pressure to global stocks on Friday. Shares of the popular Global X DAX Germany exchange-traded fund were down 1.2% on Friday, while heading for a 2% two-day slump.