Tariffs up. Markets down
- Global markets dropped following Donald Trump's announcement of comprehensive tariffs on April 2.
- The market sell-off stemmed from fears that Trump's tariff policy could trigger a global recession.
- The ASX 200 lost about $50 billion, and the S&P 500 fell into a correction, down over 10 percent.
- Kyle Rodda stated global markets "cratered overnight," while Trump claimed the market reaction was going "very well."
- Market uncertainty will likely continue, with JPMorgan raising the chance of a global recession to 60 percent.
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Tariffs: How savers must react to the fall in stock markets
Donald Trump created an earthquake in the financial markets with the announcement of reciprocal tariffs. This customs offensive destabilizes the world stock markets and necessarily forces private investors to adapt.
·Paris, France
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Total News Sources19
Leaning Left2Leaning Right3Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 17%
C 58%
R 25%
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