US EditionTrump wants to close off America. If he succeeds, the global consequences will be catastrophic
- Sharemarkets worldwide fell sharply due to anticipated Trump tariffs, described by Macquarie Bank economists as 'the biggest trade shock in US history.'
- Eminent economist Ursula von der Leyen stated that 'the consequences will be dire for millions of people around the globe' due to Trump's trade policies.
- Moody's chief economist Mark Zandi claims Trump's tariff plan does not provide a solution to MAGA grievances, stating it's 'not even in the realm of possibility.'
- The share of the global population living below the poverty line fell from 40 percent in 1990 to 8.7 percent in 2022 due to international trade benefits.
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Sydney Morning Herald+2 Reposted by 2 other sources
Trump wants to close off America. If he succeeds, the global consequences will be catastrophic
Under Donald Trump, the country that created the global free market is bringing it to an end, not soberly but vengefully. The entire episode would be comically clownish if it weren’t so serious.
·Sydney, Australia
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The verdict: Trump risks bringing down the entire world
Several of the world's largest banks are now warning that Trump's tariffs are pushing the US and the world economy towards economic chaos. - These tariffs will mean a macroeconomic shock, says Nora Szentivanyi, an economist at the bank JP Morgan.
·Stockholm, Sweden
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Coverage Details
Total News Sources5
Leaning Left2Leaning Right1Center0Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 33%
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