Donald Trump's recent speech in the Rose Garden, billed as America's 'Liberation Day,' functioned as a familiar yet alarming overview of national distress intertwined with a reveal of aggressive new tariffs on various countries. This marked a shift from threats to action, igniting concerns about a global trade war. Financial markets reacted swiftly, resulting in a significant drop in stock values and a loss nearing three trillion dollars. Trump's rhetoric led to impending layoffs and showcased how presidential speech can materially impact global economies.
Trump opened the affair, which he had billed as America's 'Liberation Day,' with a rant about the dire state of the nation that could have been cribbed...
...something else was clear, too-we've never actually seen anything like it. About halfway through his speech, he called Howard Lutnick, his billionaire golf buddy...
Even as Trump spoke, the initial verdict from financial markets around the world came in-a global meltdown. The tariffs were worse than expected.
By the close of the markets on Thursday, the damage was all too evident: U.S. stocks had recorded their biggest drop since the earliest days of the COVID pandemic.
Collection
[
|
...
]