Global markets were in a tailspin on Thursday as policymakers and trade partners expressed dismay over president’s latest trade-war salvo.

President Trump sees his latest tariff barrage ushering in a “golden age.” Investors and U.S. allies view the action differently.Haiyun Jiang for The New York TimesHow the tariffs are going down

President Trump on Wednesday described his sweeping barrage of tariffs on about 60 countries, unveiled with great pomp in the Rose Garden, as “kind.”

The global response to the reciprocal tariffs — including an additional 34 percent levy on goods from China and 20 percent on those from the European Union — has been anything but.

Policymakers reacted with fury as corporate bosses brace for the biggest disruption to global trade in decades. The new trade duties are dismaying investors, too, as they appear far worse than expected. Even some

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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