As President Donald Trump golfed in Florida over the weekend, his hefty new tariffs, which target everywhere from China to the Falkland Islands, started to go into effect, and businesses began to react to them. Jaguar Land Rover, the Anglo-Indian automaker, announced it was pausing shipments to the United States. The American company Howmet Aerospace, which builds parts for airliners made by Boeing and Airbus, also said it may halt sending products that are affected by the new duties.
How Donald Trump Crushed the Stock Market
The President’s tariff policy isn’t strategic protectionism; it’s economic self-harm.
A trader on the floor at the New York Stock Exchange after the S. & P. 500 saw its worst week since COVID, in the aftermath of Donald Trump’s tariffs.Source photograph by Michael Nagle / Bloomberg / Getty
Already a subscriber? Sign In
Your window is closing.
Don’t lose these views. Get full access for $2.50 $1 a week for one year, plus a free tote. Cancel anytime.
Unlock this story for just $2.50 $1 a week for 1 year. Subscribe »