Apple News Today What is the market mayhem all for?
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Apr 11, 2025 Shawn Donnan, a Senior writer for economics at Bloomberg News, dives deep into the chaos of recent market fluctuations fueled by President Trump's tariff policies. He provides insights into how these tariffs reshaped market dynamics and poses critical questions about the sustainability of economic gains. Additionally, Donnan discusses the challenges of reviving American manufacturing, contrasting policies of the Trump's and Biden’s administrations. He also touches on the legal rulings affecting deportation cases and their impacts on international artists.
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Tariff Impact
- US tariffs are at their highest since 1909, impacting global trade.
- Markets reacted strongly, losing trillions, signaling instability.
Gasparino's Criticism
- Fox Business' Charlie Gasparino, a Trump supporter, criticized the tariffs.
- He highlighted the bond market's negative reaction as unsustainable.
Tariff Strategy
- Trump's tariff strategy's effectiveness is debatable; some aides were unaware.
- Market swings, while positive short-term, raise concerns about stability.