Trump's Tariffs Trigger Economic 'Armageddon' Fears Amid International Trade Chaos

In a significant escalation of trade tensions, President Donald Trump announced new tariffs of at least 10% on all imports, alongside higher rates targeting both allies and rivals like China. The move has been described by experts as a 'nuclear bomb' on international trade, sparking fears of a global trade war that could lead to recession in multiple countries and higher prices for consumers. Following the announcement, U.S. stock markets experienced dramatic declines, with major tech companies like Apple, Meta, and Amazon seeing significant drops due to their reliance on overseas manufacturing. Investment advisors expressed concerns about the long-term impacts of the tariffs, warning that this could be one of the worst policy mistakes in recent history and might lead to an economic downturn. Critics argue that while the tariffs aim to protect American manufacturing, they could ultimately harm the U.S. economy by increasing costs for consumers and manufacturers alike. Trump's rhetoric emphasized a vision of revitalizing American industry, but analysts remain skeptical about the immediate and long-term economic consequences.