The past week was a rollercoaster ride for global markets, largely due to President Donald Trump’s new trade tariffs. The tariffs, aimed at reducing America’s $1.2 trillion annual trade deficit, have sparked a flurry of reactions from economists, investors, and market observers. Here’s a quick recap of the top stories that shaped the week.
Trump’s ‘Reciprocal Tariff’ Math
President Trump’s tariff calculations have raised eyebrows among experts. James Surowiecki, a writer for The Atlantic and Fast Company, questioned the credibility of the figures shared by the White House, calling them “dumb and deceptive.
Wall Street Wipes Out $2 Trillion
Trump’s new trade tariffs sent shockwaves through …