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Markets Embolden Trump on Tariffs, Stoking Fear He’ll Go Too Far

(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