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Global Finance Upended by Depth of Tariff Turmoil Few Saw Coming

This is not what global financiers had in mind when they placed their bets on Trump 2.0. Less than 100 days into the new US administration, bankers from Wall Street to Shanghai's Pudong and the City of London are bracing for soured loans,
On April 7, 2025, Bloomberg reported that global financial markets were thrown into disarray following an unexpected announcement by former President Donald Trump regarding new tariffs. The surprise tariff policy, which was not anticipated by financial analysts or market watchers, led to significant volatility in stock markets worldwide, with major indices experiencing sharp declines. The proposed tariffs, targeting a broad range of imports, were seen as a potential trigger for retaliatory measures from trading partners, raising fears of a new trade war. Economists expressed concerns over the potential inflationary impact and the disruption to global supply chains, while investors scrambled to adjust their portfolios in response to the heightened uncertainty.

Read the Full Bloomberg Article at:
[ https://www.bloomberg.com/news/articles/2025-04-07/global-finance-upended-by-trump-tariff-reckoning-few-saw-coming ]