Daily Summary
U.S. tariffs imposed by President Trump have shaken global markets, causing a significant sell-off in U.S. stocks and fueling recession fears. Investors are shifting their assets from the dollar to safer options like gold, the yen, and the Swiss franc. Trading partners such as China and the EU are planning retaliatory measures, with China set to impose a 34% duty on U.S. goods starting April 10.
U.S. Tariffs Spark Global Financial Uncertainty
Trump's tariffs have rattled global markets, triggering a significant U.S. stock sell-off and shifting investor preference to alternative currencies amid recession fears. Trading partners, notably China and the EU, are poised to retaliate.