Donald Trump is on a mission to ‘make America wealthy again’. Talking exterior the White Home, he stated for too lengthy the nation had been ‘looted, pillaged, raped and plundered by nations near and far, both friend and foe alike’. Now that might come to an finish, he stated, as he slapped eye-watering tariffs on nations all over the world.
The Guardian’s senior economics correspondent, Richard Partington, explains why Trump has taken such motion and the way it may have an effect on the worldwide financial system. ‘It could come at huge costs to consumers,’ he says, as markets all over the world react with confusion. With costs within the US additionally more likely to rise, will voters quickly rue what the president has referred to as ‘liberation day’?
