The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon
- President Donald Trump announced new tariffs ranging from 10% to 54% at the White House on April 2, 2025, during a speech criticized for promoting conspiracy theories and poor economic ideas.
- Following Trump's announcement, the Dow Jones Industrial average dropped 1,500 points, reflecting a negative global market reaction and concerns over price increases in the U.S.
- Public opinion is against Trump's tariffs, with a YouGov poll showing 51% disapproving and 67% predicting price hikes, indicating a lack of confidence in his economic strategy.
- Global leaders, including Ursula von der Leyen, expressed strong disapproval of the tariffs, describing them as harmful for the economy and a potential threat to global trade stability.
28 Articles
28 Articles
‘Chaos’: World leaders slam Trump’s tariff bomb as global economy reels
Leaders from around the world are reacting negatively to President Donald Trump’s announcement on Wednesday of new tariffs on various countries ranging from 10% to 54%. Trump signed an executive order kicking off the tariff hikes at a White House event...
(S+) Opinion: Donald Trump: Penalties and their consequences for the global economy
Donald Trump's customs policy threatens to plunge the world into chaos. The biggest profiteer could be China at the end. There, the slogan of the US president is already translated into »America alone«.
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