Markets are volatile as businesses brace for supply chain disruptions, higher consumer prices, and potential global economic slowdown. Broader Consequences: Trade War Risks: Escalation could lead to long-term economic realignment,

with companies shifting supply chains away from China. Diplomatic Fallout: The WTO’s role is weakening as bilateral brinkmanship replaces multilateral negotiations. Political Pressure: Trump faces criticism from economists and business leaders (like Bill Ackman), warning tariffs could hurt U.S. consumers and jobs.