The president is promising widespread, worldwide tariffs to take effect this week but no one is entirely sure what he means by that yet.

The president is promising widespread, worldwide tariffs to take effect this week but no one is entirely sure what he means by that yet.

The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. The Wall Street slump and global dip in stocks have sparked fresh fears in economists and concerns as to whether the U.S. is heading into a recession.