

Stocks Crater, Trump Digs In, US Risks Economic 'Nuclear Winter'
7 snips Apr 7, 2025
Mary Nicola, a Markets Live Strategist, dives into the chaos of global markets driven by President Trump’s tariffs and China's retaliatory measures. She discusses investors flocking to safe haven assets amid recession fears. Nicola highlights how prominent investors like Bill Ackman are criticizing Trump's tariff strategies. The complex trade negotiations between the EU and the U.S. reveal deep divisions among European leaders, each proposing varying responses to the escalating tension. Expect insights on the potential future of international trade and economic stability.
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Global Market Sell-off
- Global equities plummeted due to recession fears sparked by Trump's tariffs.
- The MSCI-IAC index faced its worst drop since the financial crisis, with heavy losses expected in Europe and the US.
Recession Risk Rises
- Goldman Sachs raised the probability of a US recession and predicted Fed rate cuts.
- They warned of deeper cuts if a recession hits, highlighting market concerns over Trump's trade policies.
Trump Defends Tariffs
- Trump and his team dismissed recession fears, defending the tariffs.
- Trump insisted on eliminating trade deficits as a condition for tariff relief.