From Yahoo Finance: 2025-04-10 06:05:00

Global markets crashed after President Trump’s latest tariffs announcement. Citigroup’s banking head called a global meeting to reassure clients. Banks like Citi, Goldman Sachs, and Bank of America strategized how to respond, worried about bonuses. Trump’s decision raised tariffs, causing uncertainty and shockwaves in the corporate world.

Uncertainty about Trump’s policy direction is paralyzing companies, analysts say. Trump’s pause on tariffs doesn’t remove uncertainty. Investors were surprised by the severity and speed of the tariff escalation. The trade war could impact investment returns and create volatility reminiscent of past crises.

Trump’s tariffs announcement derailed deals and delayed IPOs. Initial public offerings like Stubhub and Klarna were postponed. Investment banking fees fell, and big banks worry about eroding revenue and bonuses. Confidence in U.S. investments is shaken due to unpredictability, leading to a confidence shock among investors.

Read more: client calls and bonus worries