Economics

519 readers

36 users here now

founded 2 years ago

Markets slide as Trump's tariff war escalates (www.bbc.com)

submitted 1 week ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

Summary

Global markets tumbled after Trump announced new tariffs on Canada, Mexico, and China, with EU tariffs also expected.

European and Asian stocks fell, especially carmakers, while the US dollar surged. Canada, Mexico, and China vowed retaliation.

Investors fear economic slowdown, inflation, and stalled interest rate cuts. Oil prices rose as traders assessed impacts on US imports.

Experts warn prolonged tariffs could weaken the dollar’s global role. Trump plans talks with Canada and Mexico before the tariffs take effect at midnight on Tuesday.

top 2 comments

sorted by: hot top controversial new old

[–] [email protected] 9 points 1 week ago (1 children)

That can't be right, Trump is an economic mastermind!?

[–] [email protected] 4 points 1 week ago

My mom thinks so lol. She thinks he single-handedly saved the economy and is responsible for it being so good.

Sadly, she has gone full Boomer over the last year or so.