Charting the Global Economy: US Tariffs Wallop Markets, Outlook
Traders work on the floor of the New York Stock Exchange, April 4.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
President Donald’s Trump’s mid-week move to impose broad US tariffs — punishing for many countries — kicked off massive shock waves that reverberated through corporate boardrooms, financial markets and world governments.
All countries are subject to a 10% baseline tariff, now in effect, while trading partners with which the US has the largest trade deficits will see higher reciprocal duties, beginning April 9.