Trump’s Tariffs Rock Global Markets Harder Than 2008 Crisis
10:16 06.05.2025 (Updated: 14:18 06.05.2025)
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Trump’s Tariffs Rock Global Markets Harder Than 2008 Crisis
A report from Russia’s Roscongress Foundation claims that Donald Trump’s second-term tariffs triggered a more violent global market crash than the 2008 financial crisis, the COVID-19 market plunge, or even the 9/11 economic shock.
“Market participants had expected...compromise agreements,” the report notes; Trump’s unprecedented trade war instead caused one of history’s fastest and deepest market collapses.
Russia weathered the storm: Unlike 2008, the country remained relatively insulated—thanks to its sanctions-hardened economy.
Roscongress report warns: If a major Western bank collapses, it could reignite global recession fears.
A report from Russia’s Roscongress Foundation claims that Donald Trump’s second-term tariffs triggered a more violent global market crash than the 2008 financial crisis, the COVID-19 market plunge, or even the 9/11 economic shock.
“Market participants had expected...compromise agreements,” the report notes; Trump’s unprecedented trade war instead caused one of history’s fastest and deepest market collapses.
Russia weathered the storm: Unlike 2008, the country remained relatively insulated—thanks to its sanctions-hardened economy.
Roscongress report warns: If a major Western bank collapses, it could reignite global recession fears.
