New Sweeping U.S. Tariffs Unsettle Global Markets

President Trump announced a series of high tariffs to take effect October 1st, Including 100% duties on branded pharmaceutical imports.

Transcript

00:00President Donald Trump announced a series of high tariffs set to take effect October 1st,

00:05including 100% duties on branded pharmaceutical imports, 25% on heavy trucks,

00:10and steep levies on furnitures and fixtures.

00:14Global markets reassessed growth and rate cut expectations in response

00:17as investors fled to safe haven assets like gold and treasuries.

00:22The sudden escalation added to geopolitical trade tensions

00:25and deepened market uncertainty heading into the fourth quarter.

00:30General Breach

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