#TradeWar
The Art of the Trade War
#TradeWar
The Art of the Trade War
Trade wars are like awkward family feuds, but instead of yelling at Thanksgiving dinner, politicians slap each other with tariffs like they're in a passive-aggressive game of economic dodgeball. One country raises steel tariffs, another retaliates with a cheese embargo, and suddenly world leaders are arguing over dairy like it's a geopolitical episode of MasterChef. Meanwhile, politicians give dramatic speeches about "protecting national interests," which loosely translates to, "We have no idea what we’re doing, but it sounds patriotic." In the end, nobody wins—except maybe smugglers and black market avocado dealers.
Global Markets Plummet as Trump's Tariffs Spark Fears of Worldwide Recession
- Monday, 07 April 2025
Global financial markets plunged on Monday following US President Donald Trump’s tariffs on imports, sparking fears of a worldwide recession. The Nikkei 225 index in Japan fell 7.8%, while Hong Kong shares plummeted more than 13% in their worst day since the 1997 Asian financial crisis. Other major indexes also suffered significant losses, including Singapore's benchmark index, which dropped 6.8%, South Korea's Kospi, which lost 4.4%, and Australia's S&P/ASX 200, which fell more than six%. European stock futures also pointed to further losses, with Trump refusing to lift the tariffs unless foreign governments pay "a lot of money".
