It will definitely have drastic inpact on the world economy, will likely move into the recessionary era. Tougher companies will survive while others may fall out due to increased inflation and higher cost to all commodities. Even with the interest rate cut it will not help much unless countries are willing to compromise on tariffs. Instability will arise: geopolitical tensions, and others will follow. Remember, drastic measures in any form will cause turbulences with equal measure before settling down. This will take another 4 months or more to get the dust settled unless a drastic reverse course is in place, all will be cooked!
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