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World

The hidden logic behind Trump’s market meltdown

9 April 2025

4:00 PM

9 April 2025

4:00 PM

Donald Trump’s announcement of huge levies on all the US’s major trading partners has triggered a global stock market meltdown, which may soon be followed by a full-blown recession. Almost no mainstream economist, and certainly none who believes in free markets and free trade, has a good thing to say about Trump’s tariffs.

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