Global Business Leaders Warn: U.S. Heading Toward 'Economic Nuclear Winter'

The U.S. reciprocal tariff policy triggered global market turmoil, with the Dow plunging 300 points and the S&P 500 dropping 10% in 3 days—its worst performance since COVID-19. A false tariff-delay rumor briefly lifted stocks before White House denial reversed gains. Prominent investors like Bill Ackman (owing 13M-view post) warned tariffs risk a self-inflicted "economic nuclear winter",raising inflation and eroding U.S. credibility. JPMorgan's Jamie Dimon and others criticized the policy as reckless, fearing recession and damaged global standing. Markets erased trillions amid collapsing confidence.

By Fu Rui, Le Dongshan(intern) and Zhang Haotian/China Youth Daily

Image Source: VCG