Big Take
The Trump Trade War’s First Casualty? The Bull Market
Apr 7, 2025
John Authers, a Senior Markets Editor for Bloomberg and columnist for Bloomberg Opinion, shares his insights on Trump's trade war and its impact. He discusses the recent volatility in global markets and the downward revisions of S&P 500 targets by strategists. Authers elaborates on the significant effects of tariffs on investor sentiment and international reactions. He also touches on China's economic strategy in response to trade tensions and emphasizes the need for clarity in trade policies to stabilize markets.
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Quick takeaways
- The announcement of Trump’s tariffs has led to an unprecedented sell-off in global markets, erasing over $9 trillion from the MSCI index.
- Investor uncertainty regarding the long-term economic impact of these tariffs is driving volatility, prompting strategists to revise market forecasts downward.
Deep dives
Impact of Tariffs on Global Markets
The announcement of new tariffs by President Trump has instigated a significant sell-off in global markets, with stocks plummeting in places like Asia, Europe, and the United States. Over $9 trillion has been lost from the MSCI index of global stocks since the tariffs were first introduced. Analysts have described this market response as horrified, marking it as an unprecedented downward trajectory with little to no rebound. This irregular response suggests that investors are losing confidence in the stability of the U.S. market, raising concerns about an impending recession.
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