Trump’s tariffs spark stock market turmoil

World Today

Trump’s tariffs spark stock market turmoil

On March 4, Donald Trump promised the U.S. Congress that he’d deliver the “greatest economy in history.” Right now, investors clearly disagree their doubts have triggered a market plunge so steep that analysts are calling it a “rout.” Losses on Monday, March 10, alone exceeded the annual GDP of France. Stock markets sank yet again on Tuesday amid fears the U.S. President’s trade war will lead to a recession. While Trump is now admitting his economic plan may inflict pain on Americans, he’s doubling down on some tariffs, as Owen Fairclough reports.