12th April 2025

Global Markets Wobble and Fear recession 

• Markets are reeling after President Trump's sweeping "Liberation Day" tariffs sparked global selloffs, with over $6 trillion in value wiped out.​

• Despite a 90-day pause on some tariffs, levies on Chinese imports have surged to 125%, intensifying U.S.-China tensions.

• Economists warn that these protectionist measures could trigger a recession and permanently damage the U.S.'s economic reputation.

• Investors are fleeing to safe-haven assets like gold and the Swiss franc, signaling a loss of confidence in U.S. economic stability.​

• The dollar and U.S. Treasury bonds, traditionally seen as secure investments, are experiencing significant declines.​

• Analysts caution that the U.S.'s aggressive trade policies may undermine its central role in global commerce. ​

UK Pushes for Global Free Trade

• UK Chancellor Rachel Reeves is advocating for a global response to counteract U.S. tariffs, emphasizing the need for a balanced trade system.

• She plans to promote this agenda at the upcoming International Monetary Fund meeting, seeking to prioritize free trade over protectionism.​

• The UK government has enacted emergency legislation to support British Steel and announced a £20bn expansion in export financing for small businesses.​

• Public opinion in the UK is shifting, with a growing number viewing the U.S. as a threat and favoring closer EU ties.​

• Former Prime Minister Gordon Brown has stated  similar concerns, urging coordinated international economic policies.​

• Reeves emphasizes her aim to forge stronger relationships with the EU and secure a trade deal with India.
  
  
  News written by Zhangir Meshitbek | Published by Zhangir Zhangaskin