Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, highlighted a loophole allowing U.S. consumers to avoid Trump's new tariffs by ordering EU goods valued under $800, which remain duty-free under current import regulations.
The billionaire investor, who heads Pershing Square Capital Management, was one of Trump's most prominent backers on Wall Street in the run-up to his electoral victory last year.
Billionaire Stanley Druckenmiller remains firm on opposing tariffs above 10%, warning of potential economic consequences even as Trump's allies defend the move.
Donald Trump’s sweeping tariffs, announced last week, have added pressure to an already soft business, weighed down by intense competition and weak consumer spending.
The cryptocurrency market recorded another week of losses spurred by President Donald Trump's sweeping new tariff measures. However, some unconventional coins bucked the trend with healthy returns.
Senior White House officials state that over 50 countries that were targets of reciprocal tariffs by the United States have since reached out to begin negotiations on the high import tariffs that have sent global markets spiraling over the past week.
As global markets experience their worst selloff since March 2020, venture capitalist Chamath Palihapitiya suggests traditional stock market bailouts may no longer be politically viable.
As Ethereum (CRYPTO: ETH) continues its downward slide since Eric Trump recommended buying the second-largest cryptocurrency, renowned economist Peter Schiff cautioned against taking investment advice from the Trump family on Sunday.
Commerce Secretary Howard Lutnick revealed that while Trump's tariffs could bring iPhone manufacturing to the U.S., they may also push the price of an iPhone 16 Pro Max to $2,300 due to increased production costs.
