Trump's Tariff Policies Ignite Global Market Panic, Economists Criticize

President Donald Trump's recent tariff policies have ignited significant backlash as they roil global markets and threaten a potential recession. Following a 90-day pause on certain tariffs, Trump coined the term 'Panicans' to deride critics within his party, urging supporters to remain strong amid market volatility. Economists, including Nobel laureate Paul Krugman and author Thomas Piketty, warn that Trump's tariffs are likely to exacerbate inflation and inequalities, while also undermining trust in the U.S. administration. The stock market has suffered considerable losses, with over $6.6 trillion in value wiped out, as global leaders retaliate with their own tariffs. Critics, including billionaire backers of Trump, have expressed alarm, with hedge fund manager Bill Ackman suggesting a need for a 'time out' to avoid economic disaster. Despite these warnings, Trump has remained defiant, insisting his approach will yield long-term benefits for the U.S.