Trump's Liberation Day tariffs proved far larger than expected and have markets in a defensive posture for good reason. Today we break down why this moment has come as well as what to watch for as the ongoing impact of this historic policy move unfolds. Today hosted by John J. Hardy, Saxo Global Head of Macro Strategy.

White House official announcement on the tariffs: https://bit.ly/4ld2E3e 

Michael Every's latest after the new tariffs: https://bit.ly/4iSClO7 

Yanis Varoufakis on this once-in-a-generation moment: https://bit.ly/3E1VP3U 

Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.

Please reach out to us at [email protected] for feedback and questions.

Click here to open an account with Saxo.