Ken Griffin: The Citadel founder—and major Republican donor—said at an event Monday that Trump’s tariffs are a “huge policy mistake,” with Bloomberg reporting he urged audience members to lobby Trump to step back on the tariffs and said he’s “really afraid of [the U.S.] abdicating our role of leadership for the free world.”

The Tesla mogul said Trump's trade advisor Peter Navarro is "truly a moron," while the Barstool exec outlined impact if the "economy tanks."

A pair of Donald Trump's top advisers are at odds. Elon Musk called Peter Navarro a "moron" and "dumber than a sack of bricks."

The president's global raft of tariffs was dubbed "worse than the worst-case scenario" by experts, with Elon Musk reportedly begging Trump to reconsider.

The job market has "proved surprisingly resilient," even as the economy has been "buffeted by rapid inflation, high interest rates and political instability," said Ben Casselman and Colby Smith at The New York Times. But Trump's tariffs "could be enough to shatter what had arguably been the economy's final source of support" in the job market.

European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely watch developments as countries responded to sweeping U.S. tariffs.

World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, but caution prevailed with focus on whether Washington might be willing to negotiate on some of its aggressive tariffs.

The tariffs sent global markets plunging and is expected to have a drastic impact on U.S. consumers and industries. Despite President Donald Trump’s claim that tariffs will boost domestic production,

Donald Trump announced tariffs on imports from a dizzying number of countries last week, the U.S. president gave a special mention to Australian beef.

Stocks around the world recouped some of the losses set off by President Trump’s tariffs, but an early rally on Wall Street faded by the afternoon.