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Donald Trump had the world’s leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war.
Trump kept rivals and allies alike guessing about who would be targeted and by how much, but promised to be “very kind” when addressing what he has dubbed “Liberation Day” on Wednesday.
Global stocks remained volatile ahead of the so-called “reciprocal tariffs,” which Trump says are necessary to combat unfair trade imbalances with countries that target the United States.
The Republican billionaire, a fan of tariffs for decades, said on Monday night that he had “settled” on a plan …