RawDiary

Tariff to End All Tariffs? Trump Unleashes Global Trade Shock

President Trump's sweeping reciprocal tariffs aim to redefine global trade, pushing import duties to levels unseen since the Great Depression. The measure has sent shockwaves through Wall Street and international markets, sparking retaliatory actions from key allies and igniting fierce debates in Congress over America's economic future.

24 Hours President Trump’s sweeping reciprocal tariffs have rattled global trade, pushing U.S. import duties to depression-era heights. Markets plunged as Wall Street reeled from a double-digit drop, while international allies in Canada and Europe retaliated with their own measures. In Washington, Trump’s national security shakeup saw top aides fired amid ‘disloyalty’ allegations and Pentagon probes into Signal chats. The administration’s cuts in health funding and DEI programs stirred widespread controversy. Amid deadly tornadoes and record flooding across the Midwest and South, legal battles and congressional actions continue. The U.S. faces uncertainty on trade, security, and domestic stability. Global shock persists.

Number 1,070 points - Dow drops sharply following tariff announcement

Quote ‘Utter and total nonsense’: Larry Summers