How America tariff wars will drive global equity market volatility

US President Donald Trump speaks after signing a document at the Oval Office of the White House in Washington DC, US on February 4, 2025.

Photo credit: Reuters

From the optimism and the near euphoria that accompanied the return of President Donald Trump to the White House, to the near despair currently facing global equity investors, markets have never ceased to prove the one constant thing; volatility will always be a part of equities investing.

From rationalising markets from the lens stronger growth based on expected tax cuts, DOGE driven efficiency and deregulation, markets now must grapple with uncertainty of tariff pronouncements that seem to get more bizarre every passing day, how far they could go and their impact on growth.

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Note: The results are not exact but very close to the actual.