Originally published at: Trump’s Tariffs: A Financial Impact Analysis | EODHD APIs Academy
Since President Trump’s announcement of sweeping tariffs on “Liberation Day” in early April 2025, the global economic landscape has experienced significant turbulence. The initial shockwaves included a dramatic stock market crash, a sharp contraction in U.S. imports, and heightened geopolitical tensions. However, as of June 2, 2025, the situation has evolved: some tariffs have been paused or adjusted, legal challenges have introduced new uncertainties, and markets have shown signs of recovery. This article delves into the multifaceted impacts of these tariffs, analysing how they have reshaped trade balances, influenced market dynamics, and prompted shifts in international relations over the past two months. Reciprocal Tariffs and the Trade Deficit The Trump administration introduced a reciprocal tariff formula targeting the U.S. trade…