Tag: market plunge

Trump's Tariffs: A Shocking Remedy for Trade Imbalances amid Global Anxiety

President Trump labels his widespread tariff policy as crucial 'medicine' for rectifying global trade imbalances, even as Asian markets react with significant drops. His stance has propelled over 50 countries, including key allies, to seek talks. While the administration remains firm on the tariffs, they're seen as a strategy to rebalance international commerce, though economic and diplomatic tensions grow.

by Ryder Whitlock
Apr 5, 2025
0 Comments

FTSE 100 Faces Turmoil After Trump's Tariff Shockwaves as Markets Suffer

The FTSE 100 endured a steep 4.95% one-day decline after President Trump's unexpected tariff proclamations. Key players like Standard Chartered, HSBC, Shell, and BP saw significant losses. Surprisingly, defensive sectors including utilities and supermarkets gained, showing resilience. Amid escalating trade tensions, China issued its tariff response, while influential voices like Richard Branson criticized the U.S. strategy.