Americans braced for era of uncertainty as Trump doubles down on tariffs
Recession fears are mounting, and anxiety is high – but the president remains unmoved by criticism of his trade plansSince Donald Trump returned to the White House, Americans have grown used to high drama and rapid-fire headlines, as executive orders from the Oval Office have reshaped the US, from stripping back LGBTQ rights to gutting environmental regulations amid a sense that America is slipping into authoritarianism.But even against that backdrop, last week stood out, as Trump launched a fierce global trade war, imposed tariffs on its trading partners and triggered a global market meltdown, including on Trump’s own cherished Wall Street, where hundreds of billions of dollars of stock values evaporated. Continue reading...
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Recession fears are mounting, and anxiety is high – but the president remains unmoved by criticism of his trade plans
Since Donald Trump returned to the White House, Americans have grown used to high drama and rapid-fire headlines, as executive orders from the Oval Office have reshaped the US, from stripping back LGBTQ rights to gutting environmental regulations amid a sense that America is slipping into authoritarianism.
But even against that backdrop, last week stood out, as Trump launched a fierce global trade war, imposed tariffs on its trading partners and triggered a global market meltdown, including on Trump’s own cherished Wall Street, where hundreds of billions of dollars of stock values evaporated. Continue reading...
