Global Markets React to Trump's Sweeping Tariffs

On April 3, 2025, U.S. President Donald Trump imposed a series of sweeping tariffs targeting China and select Asian economies, shaking global financial markets. U.S. stocks, oil prices, the dollar, and bond yields all experienced marked shifts amid growing concerns over a potential recession and the need for aggressive Federal Reserve rate cuts.

Economists and market analysts warned that these tariffs—the highest rates seen in over a century—could stoke further volatility and trigger broader currency conflicts. With international markets already reeling, all eyes are on the unfolding policy responses in Washington and Beijing as further economic data is released.