Part 7/13:
Trade experts have expressed concerns that the tariffs could effectively create a virtual trade wall, with estimates suggesting that US businesses could incur annual costs of approximately $654 billion. This figure does not exclude additional tariffs that could add another $300 billion to the mix. The falling stock market, which has erased over $5.4 trillion in market value in mere days, underscores the volatility gripping both Wall Street and global trade.