Market Selloff Accelerates as Tariff “Liberation Day” Comes Into Focus
Global financial markets are caught in a worsening downturn as the White House prepares to unleash its most significant round of trade levies yet. With President Trump expected to unveil broad-ranging reciprocal tariffs against trading partners on Wednesday, North American equity markets are setting up for a third day of losses, safe-haven demand is pushing benchmark ten-year Treasury yields below the 4.2-percent threshold, and the trade-weighted greenback is slipping against its major rivals as investors pursue growth opportunities outside the United States. Uncertainty is high. After a series of threats, drip-feed announcements, delays, and reversals, markets have no clear understanding...