Global markets in turmoil as Trump tariffs wipe £1.5tn off Wall Street - short news
Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturn
Global financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.
As world leaders reacted to the president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street..
source: The Guardian - 03.04.2025