Trump’s Tariff Takedown: Global Markets Plunge, Recession Fears Mount
The latest round of tariffs from the Trump administration has sent shockwaves through global financial markets, sparking rampant selloffs and raising alarming recession odds, according to top economists and market leaders.
24 Hours Trump’s sweeping tariffs have plunged global markets into chaos. Major indices in the US, Europe, and Asia suffer massive selloffs amid soaring recession fears. Top investors warn of prolonged economic pain and volatile bond yields. Congress and courts wrestle with tariff authority as diplomatic talks surge with Iran and Israel. International trade negotiations are underway with Japan and South Korea stepping in with emergency measures. Meanwhile, tech, crypto, and corporate sectors reel from the shock. Extreme weather and public health crises add to the turmoil. Markets brace for more disruption as Trump stands firm on his tariff strategy. US urgently.
Number 66% - Estimated U.S. recession risk by 2025, per betting markets
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