Market turbulence could spark multiple US rate cuts
Stock markets have fallen sharply and global recession risks have climbed as US import tariffs could rise to the highest level in a century on April 9; a weaker dollar could help address US trade deficits.
Global markets are tumbling as US president Donald Trump unveiled a sweeping range of large tariffs on US imports (exports to the US) in the Rose Garden in the White House on Wednesday, April 2, which started to come into effect on Saturday (April 5), with initial 10% tariffs, and will see their full impact on April 9. The tariffs were reported last week by CorporateTreasurer here, and has led to some analysts, investorsand traders expecting as many as five interest rate cuts by the US Fed this year to avert a US recession.
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