Global Market Plunge Continues as Trump Officials Dismiss Tariff Concerns

Andrew Sheves Happy Monday.

⤵️ Global Market Plunge Continues as Trump Officials Dismiss Tariff Concerns

Global markets tumbled Monday as the Trump administration doubled down on its tariff strategy despite the $5.4 trillion selloff last week. Asian shares fell as much as 7.9%, with Hong Kong’s Hang Seng plunging over 10% and Taiwan’s index suffering its worst drop on record. President Trump remained defiant, saying “sometimes you have to take medicine” while Treasury Secretary Bessent dismissed recession fears and claimed “the market consistently underestimates Donald Trump.” Trump’s economic team insisted the tariffs will make America “wealthy like never before” despite warnings from Federal Reserve Chair Powell about higher inflation and economists predicting a recession. Even Trump supporter Bill Ackman criticized the policy, warning “the president is losing the confidence of business leaders around the globe.” More - Bloomberg

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Carpe tomorrow!