Here's what the smartest people in markets and economics are saying about Trump's tariffs

President Donald Trump announced his tariffs on Wednesday.

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• President Donald Trump announced his "Liberation Day" tariffs on Wednesday.
• Many commentators have questioned the tariffs and highlighted their potential economic consequences.
• One said Trump was unlikely to U-turn on the tariffs, so it was time to "sell the dip," not buy it.

President Donald Trump announced his "Liberation Day" tariffs on Wednesday — and people have been reacting as global markets take a hammering.