Today’s Forbes Daily newsletter covers Wall Street souring on Trump, the biggest billionaire tariff losers, DOGE cuts worsen March layoffs and more.
1don MSN
U.S. stocks whipped through another dizzying day before President Donald Trump’s unveiling of his “Liberation Day” tariffs.
If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.
Senate resolution: N.J. Sen. Cory Booker held the Senate floor for a record-setting 25-hour speech against Trump’s agenda. It inadvertently delayed a vote to nullify the emergency declaration behind tariffs on Canada, which could have enough GOP votes to pass. [Yahoo News/USA Today]
World leaders have issued a variety of responses to the Trump "Liberation Day" tariffs, including aggressive counter tariffs of their own.
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