The markets were taking it on the chin after President Donald Trump's "Liberation Day" tariff announcement. While investors were expecting the president to initiate some new tariffs, the size and breadth of them were much,

President Donald Trump has announced reciprocal tariffs. He has announced a 10 per cent baseline tax will be applied to all imports, while countries with significant trade surplus with the US will face higher tariffs.

President Trump’s widespread tariffs have unleashed carnage on U.S. stocks, fears of a global trade war and dread about the American economy. Back To Top

But some economists predict Americans will feel the pain – at least in the short term – and low-income Americans most of all. Start the day smarter. Get all the news you need in your inbox each morning.

After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.

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