Long-dated U.S. government debt was getting slammed on Tuesday as nervous investors reacted to President Donald Trump's plans to slap 10% tariffs on imports from eight European countries beginning next month.
3M's stock drops as President Trump's new tariff threat raises uncertainties over the full-year outlook, at a time the consumer business continues to struggle.
Treasury Secretary Scott Bessent said it was a mistake for Jerome Powell to attend arguments in a case on Fed independence. But Mr. Bessent attended a tariff case.
Talk of the "Sell America" trade is making a big comeback on Tuesday as President Donald Trump's latest tariff threats against European allies raised the possibility of a rerun of last April's violent market spasms.
