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Bonds Sell Off as New U.S. Tariffs Upend Global Trade
Apr 9, 2025
High tariffs are shaking up global trade as the U.S. imposes levies affecting nearly 100 nations, including a staggering 104% on China. Countries are scrambling to respond, with fears of a recession rising in Asia. The fallout is evident with U.S. Treasurys experiencing a significant sell-off, impacting investor confidence. Meanwhile, President Trump's push to revive the coal industry adds another layer of complexity to the economic landscape. Insightful reporting sheds light on this turbulent moment in international relations.
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Quick takeaways
- The U.S. tariffs sharply increasing duty levels have led to significant global trade disruptions and fears of a recession.
- Investors are pulling back from U.S. Treasuries amid rising market skepticism, indicating growing caution regarding the U.S. economy.
Deep dives
Impact of Tariffs on Global Trade
Reciprocal tariffs imposed by the U.S. on almost 100 countries have resulted in the highest duty levels seen since before World War II, significantly impacting trade relations globally. Countries such as China face tariffs exceeding 100%, while Southeast Asian nations like Vietnam, Laos, and Cambodia experience hikes over 45%. This drastic increase in tariffs is expected to disrupt supply chains, reduce growth forecasts, and ultimately lead to higher prices for consumers. The situation raises concerns about a potential recession, with fears growing in stock markets across Asia as central banks respond by cutting interest rates.
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