THEDAILYBEAST.COM • 2026-05-27

Trump Hit With Dire Warning That He Could Spark Financial Crisis

Europe’s top financial watchdog has warned that President Trump’s war with Iran and his tariff policies are pushing the global economy toward a major financial crisis.  The European Central Bank, in a sweeping assessment of global financial stability, said Trump’s escalating conflict with Iran and his volatile trade policies are stress-testing the resilience of the world financial system at a moment when government debt is ballooning, and asset prices are already overstretched.