Financial markets faced significant losses on Saturday when US President Donald Trump implemented his widest array of tariffs to date. This action is widely predicted by experts to aggravate international trade conflicts, incite economic downturn concerns, and possibly lead to retaliatory measures from countries harboring trade relationships with the US. According to Francesco Saraceno, Deputy Director at OFCE and a Professor of Macroeconomics at Sciences Po Paris, “The impact on the stock market is expected since the economy will be adversely affected. The Trump administration’s strategy seems to be imposing harsh measures first, before possibly stepping back after securing concessions from other nations.”

Source: https://www.france24.com/en/video/20250405-trump-s-tariffs-protectionism-vs-economic-consequences-with-francesco-saraceno