Global markets reel from tariff whiplash

Last week, U.S. President Donald Trump announced sweeping global tariffs on most of the world, plunging markets into some of the worst days in recent memory. The tariffs took effect yesterday, but after hours of market volatility, the White House reversed course. Trump announced a 90-day pause on his initial tariff plans, instead issuing a 10-per-cent tariff on all implicated trading partners other than China. Instead, Trump doubled down by raising tariffs on Chinese goods to 125 per cent. All of this uncertainty has led to chaos in global markets.

Tim Kiladze, a financial reporter and columnist for The Globe, is on the show to make sense of what’s going on in the markets, and what all this means for global trade.

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