President Donald Trump's tariffs were expected to be a problem for markets and the economy, but a manageable one. What actually emerged, though, has been economic and geopolitical mayhem. Markets recoiled at the developments,

Klarna and StubHub will hold back on their IPOs after the stock market collapsed over Trump’s sweeping tariffs. Both companies were scheduled to pitch to investors next week, but have put their roadshows on hold.

President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports.