Global markets are in freefall after former U.S. President Donald Trump announced aggressive new tariffs on imports, triggering fears of a worldwide economic slowdown. From Tokyo to London, stocks tumbled as investors scrambled to assess the fallout of what analysts are calling a 'trade war tsunami.'
U.S. futures plunged overnight, with the S&P 500 dropping 3.1% and the Dow Jones Industrial Average falling 2.6%. European markets didn't escape the carnage: Germany's DAX slid 1.7%, France's CAC 40 fell 1.8%, and the UK's FTSE 100 dipped 1.2%.
Asia took the hardest hit. Japan's Nikkei 225 nosedived nearly 4% at one point, with major exporters like Mitsubishi UFJ Financial Group and Toyota shedding over 7% and 5%, respectively. South Korea's Kospi dropped 1.1% after a 25% tariff was slapped on its exports, while Thailand's market slumped 1.1% as analysts warned of an $8 billion export loss.
"China is the biggest casualty here," said Yeap Jun Rong of IG Singapore, noting Chinese imports now face a staggering 64% cumulative tariff. But hopes for Beijing'economic stimulus softened the blow, with the Shanghai Composite losing just 0.2%.
Meanwhile, oil prices tanked as investors fled riskier assets, and the Japanese yen surged against the dollar. Analysts warn the tariffs could fuel inflation and delay interest rate cuts, saying the ripple effects are just beginning. Stay tuned for updates!
NewspaperAmigo – Your Global News Buddy 
From Tokyo to London, stocks tumbled as investors scrambled to assess the fallout of what analysts are calling a 'trade war tsunami.' 
South Korea's Kospi dropped 1.1% after a 25% tariff was slapped on its exports, while Thailand's market slumped 1.1% as analysts warned of an $8 billion export loss.
But hopes for Beijing'economic stimulus softened the blow, with the Shanghai Composite losing just 0.2%.
Analysts warn the tariffs could fuel inflation and delay interest rate cuts, saying the ripple effects are just beginning. Stay tuned for updates! 
