Gordon Brown has accused Donald Trump of destabilizing the global trading system through aggressive tariffs, which he fears could lead to a recession worse than the 1930s Depression. He advocates for a global rescue plan involving synchronised interest rate cuts to mitigate the impact of tariffs. As tensions rise in financial markets, Brown is urging international finance ministers and central bankers to formulate strategies to bolster the economy during upcoming meetings in Washington, emphasizing the need for monetary policy adjustments in light of heightened economic uncertainty.
Gordon Brown has criticized Donald Trump for using tariffs as a weapon, warning that this could lead to a global economic breakdown akin to the 1930s.
Brown emphasized the urgent need for a synchronized global economic plan to mitigate the risks posed by tariffs and prevent a recession from escalating into a depression.
He called on finance ministers and central bankers to discuss solutions to stabilize the economy during international meetings, stressing the importance of monetary policy adjustments.
The turmoil initiated by Trump's tariff announcements led to increased uncertainty in financial markets, prompting calls for drastic interest rate cuts to stimulate confidence.
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