Donald Trump’s recent tariffs roiled global markets, pushing the U.S. dollar up by 1.4% and sending global equities lower. The Canadian dollar, the euro, and the Mexican peso weakened significantly while U.S. stock futures declined. U.S. Treasury yields rose as investors reassessed trade war risks. Economists and analysts warn the tariffs could slow global growth, spur inflation, and lead to prolonged economic pain. Major banks predict a potential halving of U.S. GDP growth if the measures persist.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Donald Trump's recent tariffs roiled global markets, pushing the U.S. dollar up by as
00:06much as 1.4% and sending global equities lower.
00:10The Canadian dollar, the euro, and the Mexican peso weakened significantly, while U.S. stock
00:15futures also declined.
00:16U.S. Treasury yields rose as investors reassessed trade war risks.
00:20Economists and analysts warned the tariffs could slow down global growth, spur inflation,
00:26and lead to prolonged economic pain.
00:28Major banks predict the potential halving of U.S. GDP growth if the measures persist.