Overview

• Donald Trump has implemented a 10% baseline tariff on all imports, with higher rates for nations deemed 'uncooperative,' some reaching up to 50%.
• U.S. stock markets plummeted following the tariff announcement, with the NASDAQ dropping nearly 6%, the Dow Jones falling 4%, and the S&P 500 declining by 5%.
• The tariff policy has sparked fears of a global recession and drawn criticism for its economic methodology, with commentators questioning its rationale.
• Republicans remain divided over the policy, with some rejecting it, others reluctantly supporting it, and some fully endorsing it as a bold move.
• Conservative commentator Scott Jennings described the policy as a high-stakes gamble for Trump, acknowledging its potential to redefine his political legacy.