Trump’s Global Trade War Has Begun: Latest Updates and Consequences

Photo: Kent Nishimura/Bloomberg via Getty Images

Buckle up. The fallout is well underway after tariff-obsessed President Donald Trump effectively declared a world trade war during his “Liberation Day” event at the White House, announcing dozens of new tariffs on countries near and far, including some uninhabited islands near Antartica. Now the global markets are absorbing the shockwaves as nearly every economist in the world either scratches their head or pulls out their hair. Below, we’re...