The mistake in the “Trump equation” that led to four times higher tariffs
The Trump administration used a wrong formula for imposing tariffs, overestimating the actual impact by four times - Why economists question the correctness of these calculations
Europe in free fall after the plunge in Asia – DAX in Germany opened down 9%
Asian stock markets crash with -12.5% in Hong Kong and -7.5% in Tokyo - "I don't want the drop," Trump insists, "but sometimes you have to take your medicine"
Markets collapse in Asia – “Sometimes you have to take your medicine” says Trump
Hong Kong down over 11%, Japan and China in deep red - Tariffs will persist no matter what markets do, top Trump economic officials say