💨 Abstract

The UK stock market plummeted by over 6% in the first week following Donald Trump's tariff announcement, causing fears of another Black Monday. Markets worldwide have declined at a rate unseen since the beginning of the Covid pandemic. Trump's new tariffs of 10-50% on imports from almost every country have reshaped the global economy. UK businesses' profitability is now uncertain due to the transformed international trade system.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖