RawDiary

Trump’s Tariffs Hit – Global Stocks Plunge Amid 10% Trade Shock

President Trump’s newly implemented 10% worldwide tariff sends shockwaves through global markets, triggering a rapid selloff and reigniting fears of a full-blown trade war.

24 Hours Markets plunge as Trump's tariffs trigger global trade woes; judges slam Trump administration's legal tactics; Myanmar quake death toll rises over 3,300 as rescue efforts falter. IRS slashes 25% of its workforce starting with Civil Rights Office. In Washington, a federal judge orders the return of a wrongly deported Maryland man, while DOJ demands a harsh sentence for fraudster George Santos. Internationally, China retaliates with a 34% tariff, heightening recession fears; TikTok deal talks stretch on with deadline extensions. U.S. job growth surprises with 228,000 new hires, yet global markets remain volatile. U.S. leadership, legal challenges, and market volatility dominate headlines clearly. U.S. leadership, legal challenges, and market volatility dominate headlines clearly.

Number 10% - New U.S. tariff rate shocks global markets.

Quote "China played it wrong, they panicked – the one thing they cannot afford to do." — Donald Trump