The verdict: Trump risks bringing down the entire world

Several of the world's largest banks are now warning that Trump's tariffs are pushing the US and the world economy towards economic chaos. - These tariffs will mean a macroeconomic shock, says Nora Szentivanyi, an economist at the bank JP Morgan.

President Donald Trump turned the world of commerce upside down by signing an executive order imposing reciprocal tariffs on products imported into the United States. From the White House, at a public event in the Garden of Roses, the president launched what many already consider the biggest shake-up to global trade in nearly 100 years. The goal? Bringing jobs and factories back home. But, at what cost? With a base tariff of 10% for almost all c…