US President Donald Trump is set to announce a slate of new tariffs on imported products today, which he dubbed the 'Liberation Day.' Market experts and participants are increasingly worried about the impacts of these new taxes on the volatile stock markets, AI funding and investments, and supply chain constrictions due to potential retaliatory actions from other countries, especially China.
Economists believe higher tariffs will ultimately increase costs for US consumers, who are already battling higher living costs due to sticky inflation. The US trade war, led by Trump, has introduced volatility in the stock market as people continue to face significant investment losses.
