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Financial markets around the world have plunged in response to the US moving to blow up the global trading order it helped build, ushering in an uncertain new era. Donald Trump this week announced his reciprocal tariffs, a high-stakes gamble to transform a global economic system that the President says has ripped off the US, even as the American economy had emerged from the pandemic as the envy of its rich-world peers.
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Financial markets around the world have plunged in response to the US moving to blow up the global trading order it helped build, ushering in an uncertain new era. Donald Trump this week announced his reciprocal tariffs, a high-stakes gamble to transform a global economic system that the President says has ripped off the US, even as the American economy had emerged from the pandemic as the envy of its rich-world peers.
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