BERNARD DROTSCHIE: Trump’s ‘Liberation Day’ likely to shrink global GDP and spur inflation, uncertainty
06 April 2025 - 08:48
The first quarter of 2025 has been marked by significant volatility across global financial markets, largely driven by the proposed policies of US President Donald Trump’s administration under the banner of “making America great again”.
The erratic deployment of trade tariffs and the administration’s unexpectedly stringent import tariff announcements on “Liberation Day” this week, coupled with threats of retaliation, have heightened policy uncertainty and raised concerns about their impact on the global economic outlook for the remainder of the year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.