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GLOBAL INSIGHT China Hits Back: Beijing imposes an additional 34% tariff on U.S. goods, effective April 10th. Trump Reacts: “China played it wrong. They panicked – the one thing they cannot afford to do,” says former President Donald Trump. Market Meltdown: S&P 500 tumbles 5.1% NASDAQ 100 plunges 5.4% Fed Chairman Powell Speaks Out: “Trump tariffs are larger than expected and pose a serious inflation risk.” “We don’t forecast recessions, but outside models show rising odds.” Trump Turns Up the Heat on the Fed: “This would be a PERFECT time for Fed Chairman Jerome Powell to cut interest rates.” “CUT INTEREST RATES, JEROME!”