Reported about 21 hours ago
In a tumultuous week for the global economy, President Trump's highest tariffs in over a century triggered a $5 trillion loss in the U.S. stock market, with the Nasdaq officially entering bear market territory. In response to the tariffs, China imposed additional duties on U.S. imports, escalating the trade war and raising fears of a global recession. Despite expectations for interest rate cuts from the Federal Reserve, indicators point to a worsening economic landscape, including rising inflation and plummeting oil prices.
Source: YAHOO