Wall Street was betting on a Trump Bump, but sweeping tariffs are threatening an economic slowdown.

The stock market is dropping as the world reacts to President Trump’s tariffs, with car maker Stellantis already announcing layoffs. NBC News’ Brian Cheung has the latest reporting. Axios chief economic correspondent Neil Irwin and Reuters White House correspondent Jeff Mason join José Díaz-Balart to share their expertise.

Stock markets continued to fall Friday as traders reacted to President Donald Trump's announced tariffs and the global response.

It could not have come at a more difficult political moment, with the economy churning after Trump’s new tariffs sent stocks plummeting and experts warning of soaring costs for consumers and threats of a potential recession.

US President Donald Trump's new sweeping global tariffs came into effect on Saturday. The US government introduced universal tariffs of a minimum of 10% on imports from all countries. Significantly higher punitive tariffs will apply for some,

President Donald Trump’s attack on its trade partners on April 2 knocked world stock prices into a funk and caused investors to scurry towards safe haven assets such as government bonds and gold. By mid-afternoon on Friday,

While the world’s leaders were wringing their hands over President Donald Trump’s announcement of sweeping tariffs on U.S. imports, Argentina’s right-wing president was ebullient, feted at Trump’s Mar-a-Lago club.

President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress.

The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.