Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Global stocks tumble as Donald Trump offers no respite from tariffs
Economy

Global stocks tumble as Donald Trump offers no respite from tariffs

Last updated: April 6, 2025 10:04 pm
Share
Global stocks tumble as Donald Trump offers no respite from tariffs
SHARE

Stay informed with free updates by signing up for the Equities myFT Digest, delivered directly to your inbox.

Fears surrounding Donald Trump’s commitment to his trade war, even at the risk of a global recession, caused a rapid decline in asset prices as financial markets reopened after the weekend. Equities experienced significant drops, safe-haven currencies strengthened, and bond yields decreased across the board as Trump indicated his intention to continue with the highest US tariffs in a century.

The S&P 500 contracts were down by 3.1%, Stoxx Europe 600 futures fell by 2.8%, and Asian shares suffered heavy losses, with Hong Kong’s Hang Seng index plummeting by more than 10%. These sharp declines in risky asset prices reflect investor concerns that the tariffs could lead to a global economic downturn. Goldman Sachs raised the probability of a US recession from 35% to 45% due to the “sharp tightening in financial conditions.”

In a statement on Truth Social, Trump defended his tariffs, stating, “We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A.” Trump’s remarks came as a response to the market turmoil, where he mentioned that sometimes tough measures are necessary to address underlying issues.

The recent market turmoil followed the erasure of over $5 trillion from the S&P 500 in the previous week, marking its worst performance since the start of the pandemic in 2020. Trump’s imposition of tariffs exceeding 40% on major US trading partners, including China, which retaliated with a 34% duty, disrupted the global trade landscape.

See also  Bond Yields Slide. Fed's Bowman Says She Would Support Rate Cut as Soon as July.

As markets tumbled, there were signs of discord among Trump’s supporters. Billionaire investor Bill Ackman criticized commerce secretary Howard Lutnick for being “indifferent to the stock market and economy crashing,” alleging that Lutnick benefits from economic downturns due to his long position on fixed income.

The benchmark 10-year US Treasury yield fell to 3.91%, Japan’s 10-year JGB yield dropped to 1.11%, and China’s 10-year yield decreased to 1.64% as investors sought refuge in bonds. Commodity prices also saw significant declines, with oil benchmarks like West Texas Intermediate and Brent crude falling by 3.4%, and LME copper dropping by more than 7%.

The US dollar weakened against major currencies, while the Japanese yen strengthened. Chinese authorities set the onshore renminbi at its lowest level since early December. Treasury secretary Scott Bessent dismissed the short-term market reaction to Trump’s tariffs, emphasizing the administration’s commitment to maintaining its course and evaluating other countries’ offers.

In conclusion, the global financial markets are experiencing heightened volatility and uncertainty due to Trump’s aggressive trade policies. Investors are closely monitoring developments to assess the potential impact on the global economy and financial stability.

TAGGED:DonaldglobaloffersrespitestocksTariffsTrumptumble
Share This Article
Twitter Email Copy Link Print
Previous Article Boston Faces Identity Crisis Amid Trump’s Cuts to University and Research Funding Boston Faces Identity Crisis Amid Trump’s Cuts to University and Research Funding
Next Article My Weekly Reading for April 6, 2025 My Weekly Reading for April 6, 2025
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Justin Theroux Says He Still Feels Protective Over Ex-Wife Jennifer Aniston

Justin Theroux Opens Up About Ex-Wife Jennifer Aniston in New Interview Justin Theroux, who recently…

September 3, 2024

The Disconnect Between Climate Goals And Funds For Factory Farms

The Toachi River in northeast Ecuador holds immense significance for the residents of Santo Domingo…

July 2, 2025

Brad Pitt’s Midlife Crisis Makeover Secrets

Brad Pitt's Life After Divorce: Navigating Relationships and Family Dynamics With de Ramon, a jewelry…

July 4, 2025

American Express cardholders still spending despite Trump tariffs

American Express' affluent cardholders are continuing to spend at a steady pace, with younger customers…

April 17, 2025

Rachel Maddow Slams Trump’s Kleptocracy

PoliticusUSA aims to provide news that resonates with the public. We invite you to support…

May 12, 2025

You Might Also Like

Trump SNAP’s And Has An Epic Shutdown Meltdown
Politics

Trump SNAP’s And Has An Epic Shutdown Meltdown

October 31, 2025
Verizon Communications Stock: Analyst Estimates & Ratings
Economy

Verizon Communications Stock: Analyst Estimates & Ratings

October 31, 2025
BTIG Remains Positive on NextEra Energy (NEE), Highlighting its “Premier Generation Development Platform”
Economy

BTIG Remains Positive on NextEra Energy (NEE), Highlighting its “Premier Generation Development Platform”

October 31, 2025
3 Must-Buy Stocks Fueling the Data Center Surge
Economy

3 Must-Buy Stocks Fueling the Data Center Surge

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?