The global financial markets have been severely impacted by Donald Trump's trade war, which resulted in a loss exceeding $2 trillion from major companies' values and triggered fears of a recession in the US. The president's tariffs on both allies and adversaries have heightened concerns about a potential global economic downturn. World leaders have condemned his policies, comparing the current situation to previous market crashes. Investors express anxiety over Trump's resolve, yet some remain hopeful for eventual trade negotiations with US partners to alleviate market stress.
The global financial markets are facing a crisis as Donald Trump’s escalating trade war leads to a $2tn loss, igniting fears of a US recession.
Experts warn that Trump's sweeping border taxes on allies and enemies alike significantly raise the risk of a severe global downturn and a recession.
Brussels to Beijing, world leaders are condemning Trump's unilateral bullying practices as markets tumble, drawing comparisons to the financial crashes of 2008 and the pandemic.
Investors remain worried over Trump's steadfast approach amidst market chaos, yet there is hope he will eventually seek deals with US trading partners.
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