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Trump’s ‘Liberation Day’ tariffs

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Another trading partner, the EU, has vowed to retaliate as well if Mr. Trump's tariffs go into effect next week as planned.
From CBS News
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020.
From BBC

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Trump Tells Americans To 'Hang Tough' After Liberation Day Tariffs Wipe Trillions From Stock Market
Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.
After Trump announced new tariffs on "Liberation Day," Americans react: "Buckle up and get ready for the ride"
Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.
Stock market has worst day since 2020 after Trump ‘Liberation Day’ tariffs
President Donald Trump’s “Liberation Day” tariffs plunged the stock market into the red Thursday, marking its worst day since the COVID-19 pandemic began in 2020. The Dow Jones Industrial Average fell nearly 4%,
Worst week for US stocks since Covid crash as China hits back on tariffs
The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.
Wall Street ends with heavy losses on fears Trump tariffs will trigger recession
S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff, their biggest one-day loss since the pandemic sent global markets into a tailspin on March 16, 2020.
China to US: 'Market has spoken' after tariffs spur selloff
China said on Saturday "the market has spoken" in rejecting U.S. President Donald Trump's tariffs, and called on Washington for "equal-footed consultation" after global markets plunged in reaction to the trade levies that drew Chinese retaliation.
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