By Naveen Athrappully Rents across the United States fell slightly last month on an annual basis, with prices potentially set up to jump in the future owing to limited construction, according to real estate brokerage Redfin. “The median U.S. asking price fell 0.6 percent year over year to $1,610 in March,” the company said in […]
Search results
Posted inNational News
Trump Blames Biden, Putin, Zelenskyy for Ukraine War, Says He’s Working to End It
By Tom Ozimek U.S. President Donald Trump blamed former U.S. President Joe Biden, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelenskyy on Monday for the continuing war in Ukraine, saying it’s not his war and vowing once again to bring it to a swift end. Trump’s comments on April 14 on a social media […]
Posted inImmigration
How Trump Admin Increases Pressure for Illegal Immigrants to Self-Deport
By Darlene McCormick Sanchez Self-deportation might begin to look more attractive to those in the country illegally as the Trump administration intensifies the pressure for them to leave. On his first day in office, Jan. 20, President Donald Trump signed 10 border-related executive actions to secure the border and deter illegal immigration while planning for […]
Posted inNational News
US Crude Oil Exports Hit Record High: EIA
By Naveen Athrappully Exports of American crude oil surged last year to a new high, with Europe remaining a major customer for the United States, according to the latest data from the Energy Information Administration (EIA). “U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 […]
Posted inNational News
FBI Investigates Vandalism of Tesla Charging Station in Washington State
By Bill Pan The Federal Bureau of Investigation (FBI) is investigating an incident that severely damaged a Tesla Supercharger station in Washington state, the latest in a growing wave of vandalism and targeted attacks against the electric vehicle brand. The affected station, located in Lacey, a suburb of Olympia, was temporarily shut down in the […]
Posted inImmigration
More Than 900 Illegal Immigrants Charged With Immigration Crimes in 1 Week: DOJ
By Aldgra Fredly More than 900 illegal immigrants were charged with immigration-related offenses during the first week of April, the Department of Justice (DOJ) said on April 8. The charges were brought by U.S. attorneys for six southwestern border districts as part of Operation Take Back America, a nationwide initiative aimed at combating illegal immigration […]
Posted inNational News
Bidding for Gulf Oil Leases Begins in June
By John Haughey Bidding for nearly 100 million acres of offshore oil and gas leases off Louisiana and east Texas will begin in June in a sale similar to one offered by the Biden administration in April 2024. The U.S. Department of Interior announced April 4 that its Bureau of Ocean Energy Management is offering […]
Posted inNational News
Cattle Ranch Kid Grows Up Conservative and Goes to Congress
By Jackson Richman As he rumbled along on a tractor on his family’s cattle ranch in Texas, it wasn’t country music playing that helped Brandon Gill pass the time. Instead, even as a child, Gill listened intently to talk radio shows and audiobooks by conservatives. Political chatter was his preference. So it’s not surprising that […]
![U.S. stocks saw a sharp decline on April 3 after President Donald Trump imposed steep tariffs on many nations during a White House Rose Garden address on April 2, marking a new era in U.S. trade policy. In the weeks leading up to the tariff announcement, markets had already faced significant volatility, with some believing the actual risk was overstated. However, Trump’s decision to implement his plan caught many off guard, with the tariff rates proving to be more aggressive than anticipated. Trump sought to downplay the market’s reaction, saying that the financial markets will take off once the new levies are in effect. Story continues below advertisement Briefly speaking to reporters before heading to Florida to participate in a golf event, Trump stated that as much as $7 trillion would enter the United States, resulting from investments coming into the country. “The markets are going to boom,” he said, adding that “the country is going to boom.” The president said other countries “have taken advantage of us for many, many years.” Related Stories Here’s How Much the US Is Tariffing Each Country 4/3/2025 Here’s How Much the US Is Tariffing Each Country Dow Jones Drops 1,100 Points a Day After Trump Tariff Announcement 4/3/2025 Dow Jones Drops 1,100 Points a Day After Trump Tariff Announcement The Dow Jones Industrial Average, an index of blue-chip stocks, crashed by more than 1,600 points on April 3. The tech-heavy Nasdaq Composite Index tanked by nearly 6 percent, and the broader S&P 500 fell by 4.8 percent. “Yesterday’s Liberation Day festivities in the Rose Garden set off a freefall in stock prices on increasing fears of a trade war,” Ed Yardeni, an economist and the president of Yardeni Research, said in a note. “The worst-case scenario is a recession if high tariff rates stick, leading to a slowdown in business and consumer spending that causes layoffs.” Yardeni increased the odds of a recession or stagflation event to 45 percent from 35 percent on March 31. The Russell 2000, a benchmark average for about 2,000 small-cap stocks, cratered 6.5 percent. It became the first U.S. stock index to slip into a bear market, down by more than 20 percent from its all-time high close on Nov. 25. Small-cap stocks usually have market caps between $300 million and $2 billion and are more volatile amid worsening economic conditions. With growing tariff-driven recession fears, these stocks could be more sensitive to trade policy changes. Sectors See Sharp Losses Aside from consumer staples, all major S&P sector indexes were swimming in an ocean of red ink on April 3. Story continues below advertisement Energy, technology, and consumer discretionary sectors took the hardest hits, with losses of around 7 percent. Industrials and financials fell by about 5 percent. Materials and real estate tumbled by 4 percent and 3 percent, respectively. The health and utilities sectors dipped by about 1 percent. “I am scratching my head as everyone else,” Stoyan Panayotov, founder and CEO of California-based Babylon Wealth Management, told The Epoch Times. “I think the market was very shocked and confused,“ he said. ”The level of tariffs for our trading partners and allies is mind-boggling.” Panayotov noted that the markets reacted negatively to the announcement because, rather than providing clarity, it introduced greater uncertainty about the future. After flirting with $3,200 earlier in the week, gold also joined the wider market selloff. Gold prices tumbled from $38.10, or 1.2 percent, to $3.128 per ounce on the COMEX division of the New York Mercantile Exchange. Still, the yellow metal is up more than 18 percent this year and 36 percent over the last 12 months. The conventional safe-haven asset has immensely benefited from investors seeking shelter amid the market turmoil. Gold prices have also risen on sliding U.S. Treasury yields and a weakening U.S. dollar. Gold is typically sensitive to interest rate fluctuations because it can influence the opportunity cost of holding non-yielding bullion. A lower greenback, meanwhile, is bullish for gold since it makes it cheaper for foreign investors to purchase. But there is one silver lining, as oil prices are coming down. West Texas Intermediate (WTI) crude, the U.S. benchmark for oil prices, declined by nearly 7 percent to below $67 a barrel on the New York Mercantile Exchange. Brent, the international benchmark for oil prices, was also down close to 6 percent, sliding toward $70 a barrel on London’s ICE Futures exchange. Crude plunged after eight important OPEC+ producers—Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia, and the United Arab Emirates (UAE)—chose to collectively accelerate output by 411,000 barrels per day, effective in May. “The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability,” the Organization of the Petroleum Exporting Countries (OPEC) said in a statement. According to energy market analyst Phil Flynn, once again, markets underestimated Trump and his resolve. However, he noted that Americans will likely benefit from cheaper prices at the gas pump. “President Trump imposed tariffs on various countries but exempted oil, gas, and refined product imports,” he said in a report. “This exemption reflects his commitment to keep energy prices low for Americans.” Some analysts suggest that, for those with a long-term perspective, this may be an ideal time to invest in the market. “If your time horizon is 5, 10, or 20 years, this will be a great buying opportunity,” Panayotov said. While small caps have been underperforming large caps, Charles LaRosa, an investment analyst at Gabelli Funds, thinks there could be an opportunity to own small-cap stocks, particularly in the current climate. “Small-cap stocks are poised to benefit from several key trends,” LaRosa said in a note emailed to The Epoch Times. “Reshoring efforts are bringing manufacturing and supply chains back to [the] U.S., boosting local businesses.” A declining interest rate environment could also bolster small-cap stocks. New Trade Policy Trump has imposed a 10 percent baseline tariff on all imports, effective April 5. Some trading partners will pay this rate only, including the UK, Singapore, Brazil, Australia, New Zealand, Turkey, Colombia, Argentina, El Salvador, UAE, and Saudi Arabia. Nearly 60 countries listed as “worst offenders” will face higher reciprocal tariffs due to their significant trade barriers, including high tariffs on U.S. goods, non-tariff barriers such as currency manipulation, and value-added taxes (VATs). These tariffs will take effect on April 9. The trading partners that made the “worst offenders” list include the European Union (20 percent), China (54 percent), Vietnam (46 percent), Thailand (36 percent), Japan (24 percent), Cambodia (49 percent), South Africa (30 percent), and Taiwan (32 percent). “Our initial estimates of the reciprocal trade order suggest that the overall U.S. tariff rate could rise into the 25-30% range if the new tariff rates are sustained for a significant period of time—the highest levels since the 1930s,” Deutsche Bank analysts wrote in a note. Analysts warned that these new measures could reduce economic growth by 1 to 1.5 percentage points this year, significantly increasing the risk of a recession, while also contributing a similar rise to core PCE inflation. Commerce Secretary Howard Lutnick, in a CNBC interview, said these new tariffs will force other nations to lower their trade barriers against U.S. goods. “This is the reordering of fair trade,” he said on April 3. “It’s about those non-tariff trade barriers. That’s what we are addressing.” “I expect most countries to start to really examine their trade policy towards the United States of America, and stop picking on us,” he added. “Stop saying that we can’t sell our corn to India, stop saying that we can’t sell our beef anywhere. Just stop treating us so poorly.” Global Markets Tank Trump’s new tariff regime also created a tsunami in European and Asian markets. Japan’s Nikkei 225 declined by 990 points, or 2.77 percent. Hong Kong’s Hang Seng Index erased 352 points, or 1.52 percent. The South Korean KOSPI Composite Index slipped by 0.8 percent. Germany’s DAX declined by 673 points, or 3.01 percent. London’s FTSE shed 133 points, or 1.55 percent. The French CAC 40 Index also fell by 260 points, or 3.31 percent. While Canada was absent on the list of baseline and higher reciprocal tariffs, the TSX Composite Index crashed more than 900 points, or about 3.7 percent. According to Jeff Buchbinder, chief equity strategist at LPL Financial, next week could be a real test for the financial markets as the highest tariff rates take effect on April 9. “Stocks should stabilize once negotiations start to bear fruit and take rates down, assuming it’s clear to markets that no meaningful tariff rates will be increased further because of retaliation,” Buchbinder said in a note emailed to The Epoch Times. Following the president’s announcement, Treasury Secretary Scott Bessent appeared on multiple news programs and delivered the same message urging nations not to engage in retaliation. “My advice to every country right now is do not retaliate. Sit back, take it in, let’s see how it goes, because if you retaliate, there will be escalation. If you don’t retaliate, this is the high-water mark,” Bessent said in an interview with Fox News host Bret Baier. Tom Essaye, president and founder of Sevens Research Report, does not believe the tariffs will lead to a “bearish gamechanger.” “This is because administration officials signaled they were open to negotiations and there were various exemptions, including all USMCA-compliant goods, chips from Taiwan, and drugs (pharmaceuticals) from Europe,” he said in a statement emailed to The Epoch Times. “While the tariff announcement wasn’t a worst-case scenario (that would have happened if there was no hope of global tariff reduction), it was an incremental negative and we should expect more market volatility in the near term.” Reactions Mount The U.S. Chamber of Commerce said in a statement that businesses think these broad tariffs are tax hikes that will raise consumer prices and weigh on economic growth prospects. “We urge policymakers to instead focus efforts on accelerating the pro-growth agenda of extending our current tax policy, re-balancing regulations, and unleashing the full potential of American energy—all policies that will grow the economy and create more opportunities for Americans,” said Neil Bradley, chief policy officer at the U.S. Chamber of Commerce. Bradley noted that the White House should consider negotiating new trade deals to bolster access for U.S. businesses that “will support more American jobs and lower prices.” The Business Roundtable agreed with Trump’s efforts to garner better trade agreements that can lower tariffs and expand market access. “However, universal tariffs ranging from 10-50% run the risk of causing major harm to American manufacturers, workers, families and exporters,” Joshua Bolten, CEO of Business Roundtable, said in a statement. “Damage to the U.S. economy will increase the longer the tariffs are in place and may be exacerbated by retaliatory measures.” Story continues below advertisement Kevin Dempsey, president and CEO of the American Iron and Steel Institute, commended Trump’s initiative to restore fairness and address non-tariff trade barriers. “Driven by subsidies and other foreign government trade-distorting practices, global overcapacity in the steel industry reached 573 million metric tons in 2024 and has spurred high levels of exports of steel from countries like China, Japan, Korea, Vietnam and Indonesia that continue to produce steel in volumes that significantly exceed their domestic demand,” Dempsey said in a statement to The Epoch Times.](https://www.usnn.news/wp-content/uploads/2025/04/US-Stocks-Tumble-After-Trump-Reveals-Tougher-Than-Expected-Global-Tariffs-jpg.webp "US Stocks Tumble After Trump Reveals Tougher-Than-Expected Global Tariffs | USNN World News")
Posted inEconomy
US Stocks Tumble After Trump Reveals Tougher-Than-Expected Global Tariffs
By Andrew Moran and Emel Akan U.S. stocks saw a sharp decline on April 3 after President Donald Trump imposed steep tariffs on many nations during a White House Rose Garden address on April 2, marking a new era in U.S. trade policy. In the weeks leading up to the tariff announcement, markets had already […]
Posted inHealthcare
CDC Says Measles Cases Confirmed in 19 States This Year
By Jack Phillips Measles cases have risen across the United States, with cases reported in 19 states in 2025, according to data posted by the U.S. Centers for Disease Control and Prevention on Friday. At least 483 cases have been confirmed in Alaska, California, Florida, Georgia, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New Mexico, […]
Posted inNational News
Senate Judiciary Chair Introduces Bill to End Nationwide Injunctions
By Sam Dorman Senate Judiciary Chair Chuck Grassley (R-Iowa) introduced legislation on March 31 to prevent courts from issuing nationwide injunctions. Dubbed the Judicial Relief Clarification Act of 2025, the law comes amid heightened scrutiny over the use of nationwide injunctions and their increasing role in halting aspects of President Donald Trump’s agenda. The law […]
Posted inNational News
Pipeline Projects Prioritized for Quick Approval Under Emergency Energy Orders
By John Haughey More than 220 natural gas pipeline-related proposals across 22 states are among nearly 700 projects that could see accelerated approvals under President Donald Trump’s National Emergency Declaration. Many are in oil- and gas-rich regions, such as Appalachia—Pennsylvania, West Virginia, Ohio, Kentucky, North Carolina, and Texas. Producers in Appalachia and Texas are pushing […]
