US President Donald Trump’s recent announcement of sweeping tariffs has sent shockwaves across financial markets worldwide. Investors are expressing fear that these trade tariffs could potentially trigger a global recession.
On Friday, New York’s Dow Jones share index experienced a significant drop of 5.5%, equating to over two thousand points. This marks the steepest losses seen on Wall Street since the onset of the pandemic. Additionally, European and Asian shares also suffered substantial declines in response to the news.
The Deputy Editor of Business Insider, Akin Oyedele, weighed in on the situation, highlighting the profound impact that Trump’s tariff raises have had on the financial landscape.
With the looming threat of a global recession, financial markets are bracing themselves for further volatility and uncertainty in the coming days. Investors remain wary of the potential consequences of these escalating trade tensions and are closely monitoring the situation.
As the world grapples with the economic repercussions of Trump’s tariff announcement, it is clear that the impact is far-reaching and will continue to reverberate across international markets.
Watch the video by DW News
Video “Trump’s sweeping tariffs send shockwaves across financial markets | DW News” was uploaded on 04/05/2025 to Youtube Channel DW News