Wednesday, April 2, 2025

Trump’s Trade War Will Make Us All Worse Off As Stocks Tumble

US Tariffs could lead to a trade war and a global economic slowdown, according to the OECD.

China, Mexico, Canada and the EU have said they will be imposing reciprocal tariffs on America. The UK has yet to react to a “reciprocal” 10% Tariff announced by Donald Trump today. Prime Minister Sir Kier Starmer said a trade war is in nobody’s interest.

Stock markets have been falling around the world putting millions of people’s savings and pension pots at risk of a correction or even a crash.

The S&P 500 had its worse quarter since 2022.

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