The Trump Trade War’s First Casualty? The Bull Market

特朗普贸易战的第一个牺牲品?牛市

Big Take

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2025-04-08

19 分钟
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It's been a volatile few days across global markets.  As the equity sell-off has deepened, a growing number of market strategists have revised down their targets for where the S&P 500 will be at the end of the year, and economists at several big banks have updated their forecasts. Today on the Big Take podcast, unpacking the seismic effect US President Trump’s tariffs announcement is having on markets. Bloomberg Opinion’s John Authers joins host David Gura to contextualize the market moves — and explain what’s likely to happen next.  Read more from John Authers here. See omnystudio.com/listener for privacy information.
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  • It was another volatile day in global markets.

  • Stocks continued to sell off in Asia, Europe, and the United States.

  • President Trump threatened even more tariffs on China.

  • Since Trump announced a raft of new tariffs on April 2nd,

  • more than $9 trillion has been wiped off of MSCI's index of global stocks.

  • But Trump has not blinked.

  • He and his advisers continue to say the economy is in what the president calls an adjustment period.