Global Markets Hit by Sweeping Selloff on Trump’s Tariffs

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Good morning. Stocks plunge as Donald Trump slaps duties on everyone. The EU faces a 20% levy and the UK a 10% hit. And tariffs may leave US Botox users with furrowed brows. Listen to the day’s top stories.

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Very Concerned About Tariffs: Heritage Foundation's Hale

Very Concerned About Tariffs: Heritage Foundation’s Hale

Byadmin

Andrew Hale, Senior Policy Analyst for Trade Policy at the Heritage Foundation, shares his thoughts on President Trump’s reciprocal tariffs announcement and states that if these tariffs are maintained the United States may get a recession and high inflation. Hale also discusses how he believes these tariffs could deter President Trump’s agenda, create victories for the Democratic party, and affect Trump’s MAGA base. Andrew Hale speaks with Kailey Leinz and Joe Mathieu on the late edition on Bloomberg’s “Balance of Power.” (Source: Bloomberg)