Shock is by far the easiest sentiment to register, as have markets across the world. Commodities markets continue to fall across the world, with global stock markets shedding 20 per cent and the US bond market retreating from its reputation as the haven for cash after a risk sell-off. Yet, the imposition by the US government on 2 April, of what it described as “reciprocal tariffs” on economies around the world was supposed to usher in a halcyon era, at least for America.
The…
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