The repercussions continue after President Donald Trump announced sweeping tariffs affecting nearly all U.S. trading partners.
On Thursday, U.S. markets declined as businesses prepared for potential fallout. Meanwhile, foreign allies and adversaries alike are considering their responses, with some threatening retaliation.
Despite the growing backlash, the White House reaffirmed Trump’s commitment to the policy, emphasizing that it is not up for negotiation and urging Wall Street to have confidence in the president’s approach.
