Those hoping that the stock market pain from President Donald Trump’s tariff announcements last week was over are in for a rude awakening this morning. As of the time of this writing, stock markets across the world have gotten hammered, adding to fears of a new so-called “economic nuclear war.” Here’s what you need to know about the latest developments in Trump’s tariff trade war and how the markets are reacting.

One of the most headline-grabbing pieces of news related to the ongoing stock market crash is comments from billionaire hedge fund manager and Trump supporter Bill Ackman. Yesterday, Ackman took to X to warn that Trump’s tariffs, the worst of which are scheduled to go into effect this Wednesday, April 9, are equivalent to “economic nuclear war.” 

In a post on X, Ackman said that the tariffs on America’s allies and enemies across the globe mean America is “in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital.”

Ackman suggested that Trump should “call a 90-day time out” on the tariffs so the administration can negotiate with its trading partners. 

However, Ackman warned, “If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close........

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