Digest | 3 April 2025
- Edward von der Schmidt
- Apr 3
- 6 min read
Updated: Apr 21
Liberation gave way to consternation as the announcement of "reciprocal" tariffs brought seas of red in global equities on Thursday. Major US stock indices posted their largest single-day losses since 2020 with dramatic selloffs across sectors as stunned investors weighed the repercussions of a new and uncertain regime for global trade. Amid widespread condemnation, world leaders openly contemplated passive and active responses ranging from a wait-and-see approach to retaliatory tariffs and the withholding of US investment.