Jefferies' Chris Wood calls Trump’s new tariff policy “impoverishment day,” warning of economic harm.
A 10% base tariff on all U.S. imports starts April 5, with steep “reciprocal” tariffs targeting Asia and allies.
Analysts fear global supply chain disruptions and retaliatory trade moves.
Wood sees rising U.S. market risks amid policy extremism and Musk’s exit from government.
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