ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, "Liberation Day" edition. |
If you thought President Trump didn't care about the stock market, then the timing of his hotly anticipated tariff announcement might change your mind. |
Trump will unveil his global tariffs plan today at 4 p.m., just as markets close. Stocks have been on a rollercoaster ride, mostly downhill, since the Trump administration began its campaign of import taxes. |
Trump has brought the country to the brink of a global trade war. Today, we will begin to see whether his gamble pays off. |
The Republican president and his advisers are defying even most conservative economists by enacting tariffs that are expected to hit every major country, and U.S. consumers, with as-yet-unspecified taxes on imported goods. The retro approach has been years in the making, with Trump refusing to back down in the face of a tumbling stock market and public recriminations from top allies. |
Is there still time to buy an untaxed auto? |
Jessica Valor had been casually car-hunting since September, with the goal of upgrading from her 12-year-old Mini Cooper this summer. Then, auto tariffs sped up her timeline. |
She is not alone. The dealership told her it is seeing a noticeable increase in foot traffic as car buyers try to get ahead of the 25% increase on vehicles and parts produced outside the United States. Trump's tariffs are expected to significantly increase the prices of new vehicles. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Trump will unveil his global tariffs plan today at 4 p.m. − shortly after the recently volatile U.S. financial markets have closed for the day. | | | | Trump has dubbed Wed, April 2, as 'Liberation Day' as he seeks to impose a slew of new tariffs. Some have questioned his tariff strategy. | | | | Some Americans have rushed to buy cars ahead of potential price hikes tied to Trump's tariffs. Experts share advice on whether buying now is the right move. | | | | The Trump administration is cutting hundreds of thousands of federal jobs to save money. At one federal agency, the cuts may actually cost money. | | | | Amid an inventory crunch and rapidly increasing prices, here are some strategies to win in today's housing market. | | | | U.S. stock opened lower as investors wait to how aggressive President Donald Trump's tariff plan will be. | | | | Forbes released its World's Billionaires List for 2025. They have been doing the list since 1987. | | | | Biometrics are getting more common in travel, and for many airline passengers, they've made the airport experience smoother. | | | | Signing up at 62 can reduce your checks by up to 30%. It can also put you at risk of losing even more money to an obscure Social Security rule. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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