(Bloomberg) — President Donald Trump threatened to double the baseline universal tariff to 20%, citing record stock gains to dispel fears that such a move would hammer the global economy. Even as financial markets barely budged on the news, concerns are growing that a reckoning is coming.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortAre Tourists Ruining Europe? How Locals Are Pushing BackWhy Did Cars Get So Hard to See Out Of?Can Americans Ju
Markets Embolden Trump on Tariffs, Stoking Fear He’ll Go Too Far
July 11, 2025
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