It’s Trump’s “worst idea since tariffs,” the Rupert Murdoch-owned newspaper warned with its headline. Trump’s market-spooking trade policies have been relentlessly attacked by the paper, leading to his bristling comments to one of its reporters this weekend.

Bonuses on Wall Street could plunge by as much as 20% as dealmaking dries up and the stock market whipsaws because of economic turmoil caused by President Donald Trump’s trade war, according to a top consultancy.

Lately, Wall Street economic commentary has been replete with ominous warnings. President Donald Trump’s tariffs are bound to cause an economic downturn, or perhaps even a recession.