Trump’s ’Reciprocal’ Tariff Bombshell Just Hit—Here’s Who Gets Crushed
:max_bytes(150000):strip_icc()/GettyImages-2228157938-86309e9c7428410e9b24d56ad1b6de54.jpg)
Trade wars just got upgraded—again. The Trump administration's so-called 'reciprocal' tariffs take effect today, and the global markets are bracing for impact.
What's in the crosshairs? Everything from European cheese to Chinese steel. The White House claims it's leveling the playing field—critics call it economic arson.
Wall Street's already pricing in the chaos. Gold's spiking, yields are yo-yoing, and some hedge fund manager just bought his third yacht—because volatility is a profit center when you're playing with other people's pensions.
One thing's certain: these tariffs won't be 'reciprocal' for long. When the retaliation hits, Main Street picks up the tab—while the algo traders profit from the whiplash.