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Edition from 2025-04-07, 5 PM UTC

Tariff Tsunami: Global Stocks Plunge Amid Trump Strike

Global stocks are in freefall as Trump's new tariffs trigger a trade war, rattling economies worldwide and sparking warnings from top bankers. Legal battles and international diplomatic crises add to the uncertainty, while domestic political turmoil intensifies. Investors brace for prolonged instability amid escalating tariffs and unprecedented market volatility. Investors and policymakers brace for prolonged uncertainty now.

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Number 45% - Goldman Sachs recession probability

Quote “The president is playing with our future — it’s like nuclear winter in slow motion,” — Kevin Hassett

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