Global financial markets were thrown into disarray as President Trump escalated his tariff threats, signaling a worldwide trade war that sparked panic across the globe. On Monday, Trump’s sweeping tariffs on all countries shattered expectations of a more restrained approach, sending shockwaves through financial hubs and stoking fears of a global recession. Investors rushed to safe-haven assets, driving gold to an all-time high of $3,111 per ounce while the U.S. stock market tumbled further. The S&P 500 futures dropped 0.8%, and Nasdaq futures plunged 1.4%, signaling a deepening sell-off in U.S. equities.
Across the globe, markets suffered, with the Nikkei index in Japan crashing by 4.1%, driven by fears that Trump’s 25% auto tariffs would devastate the automotive industry. Europe also felt the impact, with European indices like EUROSTOXX 50 and FTSE futures showing sharp declines. Economists are warning that the tariffs could lead to a severe U.S. recession, with inflation expected to rise, hurting consumer spending. Meanwhile, the Federal Reserve's ability to cut interest rates could be constrained, further deepening economic uncertainty.
This global economic turmoil reflects the immense risks posed by Trump’s escalating trade policies, with the future of the world economy hanging in the balance.
https://since20230806.blogspot.com/2025/03/trumps-tariff-threats-trigger-global.html
Trump’s Tariff Threats Trigger Global Market Chaos and Recession Fears
Investors Brace for Economic Fallout as Trade War Looms Global share markets plunged into chaos on Monday as U.S. President Donald Trump e...
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