Liberation Day’ tariffs wipe $3.1 trillion from Wall Street as analysts predict global recession - President Trump says his tariffs are ‘going very well’ despite U.S. markets suffering their steepest

"The best estimate of the loss from tariff policy is now closer to $30 trillion."Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.Mohamed El-Erian"The price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth,