Trump's Tariffs Spark Global Economic Uncertainty

President Trump's recent tariff announcements have disrupted international trade, pushing US rates to levels reminiscent of the early 20th century and causing significant market volatility. The UK is particularly vulnerable due to its close trade ties with the US, potentially facing a 0.5 to 0.8 percent decline in GDP if tariffs lead to retaliatory measures. Trump's erratic approach to trade has left businesses uncertain, complicating their long-term planning and investment strategies. Recent exemptions for key tech products have further confused the landscape, prompting criticism from both sides of the political spectrum. Analysts suggest that this turmoil might lead to a global recession, affecting not just the US but also economies like the UK. Amidst this uncertainty, financial advisors are advocating for diversification to mitigate the impact of market fluctuations.