Trump’s tariff hikes signal impoverishment day, not liberation day: Chris Wood of Jefferies

April 4, 2025

Jefferies’ Chris Wood criticizes Trump’s sweeping new tariffs, calling April 2 “an impoverishment day.” With steep levies on key Asian economies, analysts warn of global trade shocks, retaliatory moves, and economic instability amid a weakening US dollar and rising protectionism.

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