2025-04-11
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Hello and welcome to World Business Report from the BBC World Service.
I'm Roger Heering.
And on this edition, the latest from Wall Street as the relief over Wednesday's tariff pause begins to fade.
We'll also ask if high tariffs are going to bring an end to the globalised economy.
We've entered one of two alternatives, either what we call managed globalization light or we've entered fragmentation.
But what I think is pretty clear to me is that we are at the end of the ever closer globalisation.
Plus,
Argentina faces mass disruption from a general strike against austerity policies and how tariffs are affecting Colombia,
the world's biggest cut flower supplier.
We have a special report from there.
But let's start with what's been happening in New York.
This week has been all about the share markets and their response to the imposition of the new tariffs by Donald Trump.
It was a continued dive until the president paused the tariffs on all except China on Wednesday.
Then there was a huge resurgence on Wall Street.
Thursday looked more gloomy again as the reality of the remaining challenges set in.
So how did it play out?
North America business correspondent Erin Delmore gave me the picture from Wall Street.
This is a rough ride on Wall Street today.
And I think maybe everybody felt a little bit too cozy after yesterday's massive gains on Wall Street.