The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon
- President Donald Trump announced new tariffs ranging from 10% to 54% on April 2, 2025, during a White House event, which included a speech filled with conspiracy theories.
- The Dow Jones Industrial Average dropped by 1,500 points following the announcement, as global reactions turned negative, raising concerns about price increases for consumers in the U.S.
- A YouGov poll indicated that 51% of respondents disapproved of Trump's tariffs, while 67% believed consumer prices would rise as a result.
- Ursula von der Leyen, President of the European Commission, commented on the situation, citing the complexity and chaos created as all U.S. Trading partners are affected.
29 Articles
29 Articles
‘Chaos’: World leaders slam Trump’s tariff bomb as global economy reels
Leaders from around the world are reacting negatively to President Donald Trump’s announcement on Wednesday of new tariffs on various countries ranging from 10% to 54%. Trump signed an executive order kicking off the tariff hikes at a White House event...
(S+) Opinion: Donald Trump: Penalties and their consequences for the global economy
Donald Trump's customs policy threatens to plunge the world into chaos. The biggest profiteer could be China at the end. There, the slogan of the US president is already translated into »America alone«.
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