March Madness in the US refers to a popular national college basketball tournament. This year you might apply that nickname to the harsh trade policies emanating from the US White House.
President Donald Trump’s attack on its trade partners on April 2 knocked world stock prices into a funk and caused investors to scurry towards safe haven assets such as government bonds and gold.
By mid-afternoon on Friday, the Trump White House’s tariff announcements had helped wipe off roughly $4.9tn of value from world equity markets, according to Dan Coatsworth, investment analyst at AJ Bell.
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