Global Markets React to U.S. Tariffs Amid Recession Fears
U.S. tariffs announced on April 2, 2025, have unsettled global markets, triggering a sell-off in U.S. stocks and raising recession fears. With China now imposing a 34% duty on U.S. goods effective April 10, trading partners are preparing for further action.
Published on April 10, 2025
On April 2, 2025, during what President Trump called his 'Liberation Day,' the announcement of new U.S. tariffs sent shockwaves through global markets. U.S. stocks experienced a notable sell-off as investors braced for the economic impact, while fears of a potential recession grew.
Trading partners are mobilizing their responses on what some are referring to as 'Retaliation Day.' Notably, China has imposed a 34% duty on U.S. goods effective April 10, adding pressure on Asian economies already vulnerable to the turbulence. As markets adjust to these policy shifts, analysts warn that the ripple effects of these measures could deepen global economic uncertainty.