With President Donald Trump set to announce a new round of tariffs on Wednesday – “Liberation Day” – global financial markets have become increasingly freaked out about the direction of the United States and global economy.
Sometime in the past few years, you may have read a pundit suggest that the stock market is the only thing that can get Trump to change course on policy. But markets have been slipping downward for about 40 days now, and the president appears fixated on a punishing tariff regime that would be unprecedented in modern times.
