Trump’s economic assault on the world stunned economists and sent stock markets into a spiral. Who will pay the price?Donald Trump’s vast overhaul of US trade policy this week has called time on an era of globalization, alarming people, governments and investors around the world. No one should have been surprised, the US president said.The announcement of 10% to 50% tariffs on US trading partners tanked stock markets after Trump unveiled a “declaration of economic independence” so drastic it drew comparison with Britain’s exit from the European Union – Brexit. Continue reading…
Source link : https://www.theguardian.com/us-news/2025/apr/04/trump-tariffs-economy
Author : Callum Jones in New York
Publish date : 2025-04-05 06:00:00
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America’s Brexit? Trump’s historic gamble on tariffs has been decades in the making
