• Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown

  • Mar 13 2025
  • Length: 17 mins
  • Podcast

Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown

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  • Summary

  • On today's podcast:

    1) President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war.

    2) Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown on Saturday and urged the GOP to accept a Democratic plan to provide funding through April 11 instead.

    3) The worst of the US equity correction may be over, with credit markets indicating a lower risk of recession, according to JPMorgan Chase & Co.

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