Trump's Tariffs Cause Global Trade and Market Turmoil

President Donald Trump's recent tariff policies have caused significant turmoil in the global trade system and financial markets. His 'Liberation Day' announcement of tariffs led to chaotic market reactions and retaliatory measures from countries like China, which imposed counter-tariffs. Trump's repeated pauses and re-impositions of tariffs have created confusion and fear among businesses, with financial markets experiencing volatility and a potential risk of recession. Despite a temporary 90-day pause on tariffs for many countries, tariffs on Chinese imports remain steep, exacerbating trade tensions. Critics argue that these tariffs could drive up consumer prices and disrupt the era of affordable goods, while proponents hope they might boost U.S. manufacturing jobs. Negotiations with over 50 countries have begun, but the full impact of these tariffs remains uncertain.