Financial markets have done an about-face over the past six weeks as global trade tensions and tariff rates have ratcheted higher. The probability of higher inflation, lower economic growth and weaker ...

Trump’s latest announcement of a “universal” minimum tariff of 10% on most imports (with punitive rates as high as 20–34% on strategic rivals like the EU and China) represents a seismic shift in U.S.

The Dow Jones got dragged into the depths on Friday, plummeting nearly 2,000 points. It’s the single worst day for equities ...