Reported 9 days ago
Asian stock markets fell sharply as President Trump's 104% tariffs on China took effect, triggering a selloff in Treasuries and raising concerns about potential recession risks. The U.S. dollar weakened against safe-haven currencies while oil prices plummeted nearly 4%. Analysts warned that escalating tariffs could lead to a significant downturn in the global economy, with the S&P 500 experiencing one of its largest losses in recent history.
Source: YAHOO