April 3, 2025 – Written by Tim Boyer
STORY LINK Pound to Dollar Today: GBPUSD Rate SOARS on Tariff Crash, Equities Slide
President Trump’s announcement of reciprocal tariffs with heavy punishment against China, Japan and the EU, triggered a slump in risk appetite as markets attempt to digest huge implications.
According to Rabobank; “The US raised its weighted-average tariff to 29%, the highest in over 100 years, and above the Smoot-Hawley tariffs of the 1930s.”
It added; “That’s staggering, not just…
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