Global Markets Plunge Amid Tariff Concerns

On March 31, 2025, global stock markets experienced significant declines following U.S. President Donald Trump’s announcement to extend tariffs to all countries. This move sparked fears of a widening trade war and a potential recession, prompting investors to flock to safe-haven assets such as sovereign bonds and gold.

Major indices including the S&P 500, Nasdaq futures, and prominent European and Asian markets saw sharp drops, with Japan’s Nikkei falling over 4%. Analysts have revised recession probabilities upward as uncertainty over U.S. trade policies intensifies, and supplemental details suggest that further reciprocal tariff measures could deepen market volatility.

As the situation develops, market participants remain cautious ahead of additional clarifications expected later this week regarding the scope and enforcement timelines of the tariffs.