Trump’s Tariffs Trigger Global Market Turmoil

Stock markets worldwide experienced significant declines following the announcement of sweeping tariffs by former President Donald Trump. The decision, aimed at addressing trade imbalances, has led to widespread concern about the potential for a global trade war. Analysts from ABC News noted that the immediate reaction in stock markets was a sharp drop, reflecting investor fears over the economic implications of these tariffs.

The New York Times reported live updates on the situation, highlighting the diverse reactions from different sectors of the economy. Some industries expressed support for the move, hoping it would protect domestic jobs, while others criticized it for potentially harming international trade relations and increasing costs for consumers.

Reuters delved into the broader strategic implications, suggesting that Trump's aggressive trade policy might undermine long-term U.S. goals, especially in relation to China. The ongoing tension could disrupt global supply chains and affect economic growth worldwide.

NBC News provided a live blog capturing the real-time market reactions, with experts warning that the volatility could persist as countries respond to the tariffs. The economic landscape remains uncertain as nations navigate these new trade barriers.

• Donald Trump
• Global Trade War
• Stock Markets

Detailed

World leaders blast Trump tariffs as markets slump

7 days ago

- abcnews

Some Chinese Commentators See Silver Lining of Steep Tariff Hike

6 days ago

- wsj

China urges US to immediately lift tariffs, vows retaliation

6 days ago

- reuters

China vows to counter Trump’s ‘bullying’ tariffs as global trade war escalates

7 days ago

- cnn

Related issues news

Does China have tariffs?

China Customs assesses and collects tariffs. Import tariff rates are divided into six categories: general rates, most-favored-nation (MFN) rates, agreement rates, preferential rates, tariff rate quota rates, and provisional rates. As a member of the WTO, imports from the United States are assessed at the MFN rate.

How much are tariffs from China to the USA?

Trump unveiled 54% tariffs on all Chinese imports into the US Wednesday, in a move poised to push a major reset of relations and escalate a trade war between the world's two largest economies.

What are tariffs on countries?

A tariff is a tax that a government places on goods and services imported from other countries. Advertisement. Edited by: NDTV News Desk. World News.

What is tariff war?

A trade war is an economic conflict often resulting from extreme protectionism, in which states raise or implement tariffs or other trade barriers against each other as part of their commercial policies, in response to similar measures imposed by the opposing party.