Trump’s Reciprocal Tariff Policy Triggers Global Market Turbulence

Donald Trump’s recent ‘reciprocal tariff’ policy has sent shockwaves through global markets, resulting in a significant decline in trade value and impacting numerous sectors. The International Emergency Economic Powers Act authorized this policy, triggering retaliatory tariffs on China, India, and South Korea. According to estimates from AJ Bell, the policy has wiped out nearly $4.9 trillion from global market capitalization. This volatility is further amplified by the U.S. stock market shedding around $5.9 trillion in value over a mere two days.