Trump's tariffs causing global market turmoil, sparking recession fears.

From Yahoo Finance: 2025-04-07 17:06:00

President Trump’s tariffs send global markets into a tailspin, wiping off billions in value. Recession fears rise as market rout deepens. Hong Kong’s Hang Seng falls 13.3%, Japan’s Nikkei tumbles 7.8%, and U.S. high-yield credit spreads widen. Trump warns of more levies on China, while Europe proposes counter-tariffs. U.S. rates traders predict four rate cuts this year. Gold falls, dollar rallies against emerging currencies. (Source: Reuters)



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