Daily Summary
President Trump's new tariffs, which include a universal 10% rate and additional higher rates on about 60 countries, have triggered significant global market sell-offs and particularly hurt Asian manufacturing economies such as Vietnam. The measures, announced during his "Liberation Day" speech, have deepened US trade tensions with China and other nations, further destabilizing financial markets and raising recession fears. Analysts warn that these aggressive tariffs could provoke broader currency wars and diplomatic repercussions worldwide, exacerbating economic uncertainty.
Global Markets React to Trump's Sweeping Tariffs
On April 3, 2025, Trump's sweeping tariffs triggered sharp declines in U.S. stocks, oil prices, and the dollar while raising recession fears and prompting expectations of future rate cuts.
Donald Trump's Tariff Blitz Hits Asian Manufacturing Hard
Trump's new tariffs, charging over 60% on Chinese imports and steep rates on Southeast Asian goods, have triggered major market sell-offs and strained Asian economies, especially manufacturing.
Donald Trump's Liberation Day Speech Unveils Sweeping Tariffs
On April 2, 2025, Trump declared 'Liberation Day' in a White House Rose Garden address, unveiling a two-tier system of tariffs—a 10% baseline on most imports effective April 5 and additional tariffs on 60 nations starting April 9—to address the U.S. trade deficit.