Markets on edge after Trump tariff move

Global markets react sharply to Trump’s tariffs as the White House pushes for Fed rate cuts amid easing inflation.

Global markets are reacting sharply to President Donald Trump’s new wave of tariffs, raising fresh concerns about the U.S. economy.

The White House is pressuring the Federal Reserve to cut rates following a weak private sector jobs report, while inflation appears to be easing amid falling gas and food prices.

Treasury Secretary Scott Bessent says the price drop is thanks to administration policies, but uncertainty lingers.

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