Billionaire financiers lambast Trump tariffs
Alarm at market turmoil prompts even allies of the president to speak out
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Markets could get a lot worse — and quickly
The concern now among bankers and hedge fund managers is that something, somewhere could break
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Trump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out
UBS said the effective US tariff rate could go as high as 30%, up from 25% under Trump’s latest plans.
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Global stocks tumble as Trump offers no respite from tariffs
Asian shares fall in wake of worst week for Wall Street equities since pandemic