Donald Trump prescribes a dose of painful tariff ‘medicine’ as global markets wobble
Donald Trump’s sweeping global tariffs have sparked market turmoil, triggered political backlash, and drawn warnings of recession risks. The US President introduced universal import duties to reduce trade deficits, calling them a “beautiful thing.” Critics warn of higher prices and job losses, while countries scramble to respond. As global markets slide, over 50 nations have approached Washington seeking negotiations. Trump insists the pain is necessary to “fix” unfair trade. But lawmakers, allies, and economists question the long-term costs of his economic gamble.
Donald Trump’s sweeping global tariffs have sparked market turmoil, triggered political backlash, and drawn warnings of recession risks. The US President introduced universal import duties to reduce trade deficits, calling them a “beautiful thing.” Critics warn of higher prices and job losses, while countries scramble to respond. As global markets slide, over 50 nations have approached Washington seeking negotiations. Trump insists the pain is necessary to “fix” unfair trade. But lawmakers, allies, and economists question the long-term costs of his economic gamble.
