With tariff plan in tatters, Trump vows ‘to do absolutely terrible things to foreign countries’
Fortune • • business
Key Points:
- The U.S. Supreme Court ruled President Trump's "Liberation Day" tariffs illegal, temporarily reducing U.S. trade tariffs to zero and triggering Trump's erratic announcements of new tariff rates between 10% and 15%.
- Market fears were also fueled by a speculative Citrini Research post predicting AI-induced economic collapse by 2028, contributing to a 3.82% drop in software stocks, including IBM's worst day since 2000.
- Analysts caution that the current market volatility is more influenced by tariff uncertainties and broader economic concerns than by speculative AI doom scenarios.
- Foreign trade partners are frustrated by the unpredictable U.S. tariff policies, with some allies now facing higher tariffs despite previous agreements, and Trump issuing aggressive threats against countries he
