RawDiary

Trump Tariffs Wreak Havoc—Global Trade in Turmoil

President Trump's massive reciprocal tariffs have plunged markets worldwide, upending decades of trade norms and igniting a fierce global economic battle.

24 Hours President Trump's new reciprocal tariffs take effect with a 104% levy on Chinese goods, rattling global markets and sending treasury yields soaring. The Supreme Court has greenlighted deportations under wartime law while ordering the restoration of AP access. IRS officials are resigning amid a contentious data-sharing deal with ICE. In Ukraine, Russian advances face fierce counterattacks as Chinese fighters are captured. Meanwhile, federal funding for elite colleges is slashed, and energy orders boost coal production. Political rhetoric and international spats signal further economic and security disruptions. Markets remain highly volatile.

Number 104% - Unprecedented tariff on China ignites global trade battle

Quote "I know what the hell I'm doing" — Donald Trump