Trump’s Tariff Shock: Global Markets Brace for Impact
President Donald Trump announces sweeping new tariffs, including a universal 10% duty on all U.S. imports and additional 'reciprocal tariffs' targeting 60 nations. Economists warn of potential inflation and stagflation, while global reactions hint at possible trade disruptions. Join us as we delve into the implications of this bold shift in U.S. trade policy.Sources:https://www.hklaw.com/en/insights/publications/2025/04/president-trump-announces-10-percent-global-tariff-11-percenthttps://passportglobal.com/blog/us-trade-policy-updates-april-2025-trump-reciprocal-tariffs-de-minimis-changes/https://www.klgates.com/President-Trump-Announces-Reciprocal-Tariffs-Beginning-5-April-2025-4-2-2025https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/https://www.schwab.com/learn/story/white-house-unveils-sweeping-tariff-planhttps://www.pbs.org/newshour/economy/a-timeline-of-trumps-tariff-actions-so-farhttps://budgetlab.yale.edu/research/where-we-stand-fiscal-economic-and-distributional-effects-all-us-tariffs-enacted-2025-through-aprilhttps://www.tradecomplianceresourcehub.com/2025/04/03/trump-2-0-tariff-tracker/https://taxnews.ey.com/news/2025-0815-us-imposes-reciprocal-tariffs-against-trading-partners-and-ends-duty-free-treatment-for-low-value-shipments-from-chinahttps://abcnews.go.com/Politics/live-updates/trump-tariffs-live-updates-stellantis-temporarily-layoff-900/?id=120449471