Asian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live | Trump tariffs
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Will Trump’s tariffs tip the world into recession? That’s one of the big questions as the wall of levies he announced last week comes into effect today, upending decades of precedent from the world’s strongest economy – as this podcast explains.
The Guardian’s senior economics correspondent, Richard Partington, talks to Michael Safi about the dynamics of a market crash and a trade war and how together they may contribute to the onset of a global recession.
However, as he makes clear, the world is not yet in that worst-case scenario and steps can still be taken to minimise the risk.
Partington explains that even if the tariffs were reversed, decisions being…
