2 weeks Ago By Moneycontrol
Trump Tariffs Latest Updates Today (April 4): US stock markets suffered a sharp decline on Thursday, marking the worst day for all three major indexes since 2020, while the US dollar erased all gains made since Trump’s reelection. Global markets followed suit, tumbling significantly amid growing concerns. Leading economists told CNN they fear that escalating tariffs could trigger a global recession.
In response, Canada revealed plans to impose a 25% counter-tariff on U.S. vehicles that do not meet USMCA standards.
Meanwhile, the European Union, another key U.S. trade ally, is gearing up to implement its own retaliatory measures.
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