On April 2, 2025 US-President Donald Trump raised tariff barriers to the highest in over a century. The ensuing damage was enormous, as panicked investors sold off both stocks and U.S. Treasuries, leading to a $10 trillion wipeout in global equities between April 2 and April 9, when the president “paused” some of his tariffs. While the markets had recovered much of those losses, most major stock indexes are still in correction territory, and remain in a state of turmoil defined by wild volatility, as many traders fear there’s far more economic damage to come. For the first time in living memory, some investors have lost confidence in the U.S. financial system and are seeking security instead in Europe and Asia.
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Will Ferrell: Anchorman 1 by Adam McKay, 2004
fortune.com, Jeff John Roberts, 12.04.2025