Trump Is Defiant as Tariff Moves Roil Markets a Second Day

In the aftermath of President Trump’s global tariffs announcement, China retaliated with 34 percent tariffs on American goods, causing financial markets to plunge. Amid fears of a damaging trade war, the World Trade Organization warned against a cycle of retaliatory measures, while the Federal Reserve chair expressed concerns over higher inflation and slower growth. Despite the chaos, Trump remained defiant, touting his policies as effective and accusing China of playing it wrong, while global leaders criticized his approach as potentially weakening the global economy and causing price increases.

Full Article