Markets Crater as Trump’s “Liberation Day” Tariffs Spark Global Sell-Off
PatriotR Daily News 04/04/25
Amanda Williams April 04, 2025
ECONOMIC NEWS
Markets Crater as Trump’s “Liberation Day” Tariffs Spark Global Sell-Off
U.S. and global markets plunged after President Trump announced steep new tariffs, dubbed "Liberation Day" tariffs, sparking fears of a global trade war. The Dow dropped over 1,400 points, the Nasdaq fell nearly 5%, and the S&P 500 lost almost 4%. The tariffs include a 10% base rate for all trade partners and much higher rates for nations labeled “bad actors,” with China’s total tariff rate jumping to 54%. Major tech stocks like Apple and Nvidia tumbled on supply chain concerns, and global indices like Europe’s Stoxx 600 and Japan’s Nikkei 225 also saw sharp declines. Retailers like Walmart and Nike were hit as well, amid fears of rising costs from Asian suppliers. Read More.
WORLD NEWS
Why the Coming Global Recession Will Be Deeper, Longer, and Harder to Escape
The global recession will be deeper and longer than expected due to a fundamental shift away from the hyper-globalization and financialization of the past two decades. As countries prioritize self-interest and national security over cooperative global trade frameworks, trade wars and protectionism are rising. Meanwhile, nearly all nations—developed and developing alike—face shared structural issues: soaring debt, inflation, aging populations, shrinking workforces, resource scarcities, and chronic public health problems like metabolic disorders.
This widespread instability will lead to stagflation, austerity, and disrupted global capital flows, making economic recovery difficult. Traditional economic models fail to capture the scale and interconnectedness of these challenges, and attempts to "solve" them with old tools will fall short. As export-dependent nations lose markets and capital becomes harder to deploy effectively, no quick fix or “save” is likely, deepening and prolonging the recession. Read More.
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