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Trump, Trade War and Mark Carney

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Bloomberg |
Carney, the former governor of the Bank of Canada and Bank of England, said Monday the US president’s trade war is “self-harming to the American economy and therefore the global economy.”
Houston Chronicle |
Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing.

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Trump’s Trade War Is Driving US Into Recession, Canada’s Carney Says
Canadian Prime Minister Mark Carney said Donald Trump’s tariff policy is an act of economic self-sabotage that’s pushing the US into a downturn.
Opinion
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Regardless of how you feel about tariffs, what we’re witnessing is a self-induced war that Trump, with the backing of the Republican Party, started.
The Latest: Asian Markets Fall as Trump's Tariffs Roil Global Trade
Asian markets plunged on Monday following last week’s two-day meltdown on Wall Street, and President Donald Trump said he won’t back down on the sweeping new tariffs he announced on April 2 that have
The Latest: Trump says he’s not backing down on tariffs
Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He's singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.
A Map of Where Trump's Tariffs Hit, and How Hard
President Trump's new tariffs haven't fallen equally across the world. Most countries face a 10% levy, but some territories will incur up to 50% tariffs. Here is a map of how hard import duties have hit around the world,
Trump’s steep new tariffs loom after a day of protest across US
The effects of President Donald Trump’s tariffs are starting to be felt across the globe, with his blanket 10% tax on imports now in effect. Much steeper tariffs are set to go into place by midweek, after a weekend that saw mass protests across the nation.
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BlackRock's Fink says CEOs tell him they think US economy is in a recession
BlackRock CEO Larry Fink said the stock market drop could continue amid trade war and recession concerns, but that it would still represent a buying opportunity for investors.
Trump tariffs to slow Australia's economy but recession not expected, Treasurer says
Australia will be able to manage the direct impact of U.S. President Donald Trump's tariffs but economic growth will take a hit as the global economy slows, Treasurer Jim Chalmers said on Monday.
'This is the Trump recession,' CEOs say, with price increases and job losses coming: CNBC survey
CEOs expect a recession, price hikes and job losses as a result of President Trump's tariffs, according to a flash survey of CNBC CEO Council members.
Trump’s massive tariffs shake markets, spark recession fears
Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to plunge the US and the rest of the world into a recession.
Markets Crash, Economists Warn of Recession as Trump Announces Sweeping Import Tariffs on Many Countries
The announcement of sweeping tariffs of at least 10% on U.S. imports rocked markets Thursday and had economists warning of dire times for the economy.
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