GM Recalls 90,000 Cadillac, Chevrolet Vehicles Over Transmission Defects.
“In rare cases, the wheels may experience a momentary lock up,” the administration said in a recall notice, increasing the risk of a crash.
GLOBAL ECONOMIES
Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tariff.
It confirmed that its trade commissioner, Maroš Šefčovič, had “reached out to his American counterparts” after Trump threatened retaliation against EU tariffs on Wednesday.
President Trump buys a Tesla in support of ‘Elon’s baby’.
“That’s beautiful,” Trump said, getting into the front seat of a red Model S on Tuesday.
Trump’s Trade War Expands as Metal Tariffs Spur EU Retaliation.
Washington warned Europe that it would have to take care of its own security in the future
Elon Musk loses $29 billion in a day as Tesla shares take a hit.
The tech-heavy Nasdaq 100 was down 4% overall while the S&P 500 was down 3%.
More U.S. Airlines Lower Outlook Due to Economic Uncertainty.
U.S. airline stocks tumbled Tuesday to their lowest levels since late last year after data showed some economic concerns, hitting what had been a bright spot for consumer spending.
Ontario announces 25 percent tax increase on electricity exports to U.S. in response to Trump’s trade war.
“Believe me when I say I do not want to do this. I feel terrible for the American people who didn’t start this trade war. It’s one person who is responsible, it’s President Trump.”
Global stocks sell-off pauses as investors catch their breath.
Tumbling stock markets and rallying Treasury bonds steadied somewhat in Europe on Tuesday, as a modicum of calm returned to markets after the previous day’s dramatic moves when the Nasdaq saw its biggest one-day fall in over two years.
Bitcoin falls over 6.5% to $80,646 amid ongoing volatility following Trump’s Bitcoin reserve proposal.
The world’s largest cryptocurrency fell over 5.47 per cent to $81,712, on March 10.
Trump will delay some tariffs on Mexico and Canada for a month amid economic fears.
The exemptions to the 25% tariffs enacted Tuesday would apply to about half of goods coming into the United States from Mexico