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World teeters on edge, awaiting Trump’s tariff revenge

Axios

For the next three days, one man holds the global economy in the palm of his hands, literally and figuratively — and almost no one but him knows what will happen.

Why it matters: Every Wall Street trader and economist has “April 2” circled on their calendars. The consensus is that tariffs are coming, but the fear is in the unknown: how aggressive the measures will be.

The big picture: Financial markets hate surprises, yet that is what the Trump administration looks set to do this week — with mixed signals from the president himself about what will happen on Wednesday.

  • The uncertainty, already tanking the stock market and economic sentiment, might be swapped for an unprecedented trade regime that would force businesses to adjust virtually overnight.

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