RawDiary

Trump's Tariff Blitz Slams Global Trade - Markets in Turmoil

President Donald Trump has unleashed a sweeping tariff blitz that is shattering global trade and sending shockwaves through financial markets. Stock indices are plunging while retaliatory measures emerge worldwide. The drastic move aims to redefine American trade policy, triggering diplomatic backlash and economic uncertainty. As industries scramble to adjust, the tariff offensive has ignited fierce debates in Congress and among global leaders, marking a pivotal moment in the trade war that could reshape economic alliances and market stability.

24 Hours President Donald Trump ignited a global trade war by announcing sweeping tariffs on international imports, marking his so‐called "Liberation Day." Stock markets tumbled sharply, with major indices recording some of their worst declines in years. U.S. auto manufacturers ramped production amid looming layoffs, while energy producers boosted output to counter price shocks. National security agencies underwent significant shakeups as top officials were fired in loyalty purges. Global allies, including China, Russia and the EU, responded with retaliatory measures, intensifying diplomatic tensions. Congressional battles over regulatory authority and legal challenges to the tariffs emerged, reshaping America’s political and economic landscape dramatically across.

Number 10% - Trump's baseline tariff on imports

Quote "the country is going to boom" — President Donald Trump