The Independent highlights the importance of on-the-ground journalism for informing the public about pressing issues such as trade tariffs and their impact on the economy. The article details the recent plunge in global share prices as Donald Trump escalated trade tensions with China. Economists warned that these actions could lead to recession, a concern echoed by major banks. The piece also mentions political responses, including Sir Keir Starmer's pledge to support British businesses during these challenging times.
Your support makes all the difference. Share prices plunged across the world on Monday as Donald Trump doubled down on trade tariffs despite warnings from economists of the growing risk of a recession in the United States and around the globe.
The president dismissed market turmoil over his plans saying sometimes you have to take medicine to fix something and threatened to raise import fees even further against China unless Beijing dropped its retaliatory measures.
Banking giant Goldman Sachs and JP Morgan warned the escalating trade war risked tipping the US and other countries into recession. Britain's FTSE 100 index dived to a one-year low.
Sir Keir Starmer pledged to shelter British business from the storm as he called for cool heads to prevail. He emphasized backing businesses during challenging times at a Jaguar Land Rover plant.
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