President Trump detonated an economic bombshell Wednesday, announcing sweeping tariffs that sent shockwaves through global markets and threatened to upend decades of trade liberalization. The new measures impose:Analysts warned the move—dubbed a "worst-case scenario"—could simultaneously slow growth, spike inflation, and crush corporate earnings. The policies effectively rewire global commerce, retaliating against what Trump called "friends worse than foes" in trade while reversing post-WWII economic norms. With trading partners already preparing counter-tariffs on US goods, consumers face price hikes across everything from bicycles to wine—potentially reshaping spending patterns and supply chains worldwide.
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