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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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24 Hours President Donald Trump’s new tariff regime has ignited a fierce global trade war, triggering plunges in US stocks, volatile bond markets, and economic warnings from top bankers like Jamie Dimon and Bill Ackman. Courts are battling Trump firings and deportation orders as legal challenges mount. International leaders, including Netanyahu, meet with Trump amid rising tensions in Gaza and with global partners seeking negotiations. Meanwhile, controversial student visa revocations and proxy voting disputes fuel domestic political drama. Amid economic and geopolitical unrest, protests and rallies underscore deep partisan divides across America and abroad. Investors and policymakers brace for prolonged uncertainty now.

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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