‘Worse than worst-case scenario’: Trump’s tariffs send markets reeling | Donald Trump

After weeks of anticipation, global investors finally have sight of United States President Donald Trump’s “reciprocal” tariffs.

If the reaction of the stock market is any guide, the “liberation day” tariffs unveiled on Wednesday exceeded their worst fears.

From the US to Asia to Europe, markets tumbled as investors absorbed the implications of the sharpest turn towards protectionism by the world’s largest economy since the 1930s.

Futures tied to the US’s benchmark S&P 500 and…