President Donald Trump sent global markets into a tailspin last week with a dramatic tariff hike — the steepest in more than a century. Some countries now face duties as high as 50%, and China faces cumulative tariffs of 104%. The sweeping tariffs, starting at a minimum of 10% on nearly all U.S. imports, strike hardest at nations running hefty trade surpluses.
Markets faltered under the weight of uncertainty.
