Trump’s Tariff Threats Trigger Global Market Chaos and Recession Fears

Investors Brace for Economic Fallout as Trade War Looms Global share markets plunged into chaos on Monday as U.S. President Donald Trump escalated fears of a worldwide trade war by declaring that tariffs would soon blanket all countries, shattering expectations of a more restrained approach. Speaking to reporters aboard Air Force One, Trump’s broad tariff threat sent shockwaves through financial hubs, stoking widespread panic that aggressive U.S. trade policies could spark a global recession. With Trump set to receive tariff recommendations on Tuesday, April 1, 2025, and unveil initial levels on Wednesday, April 2, followed by auto tariffs on Thursday, April 3, investors scrambled for safe havens, piling into sovereign bonds, the Japanese yen, and gold, which soared to an unprecedented $3,111 per ounce. The S&P 500 futures tumbled 0.8%, extending Friday’s steep losses, while Nasdaq futures cratered 1.4%, signaling a deepening sell-off in U.S. equity markets driven by Trump tariff...