Global Markets Plunge Amid U.S.-China Trade War

The escalating trade war between the U.S. and China, marked by rapidly increasing tariffs, has disrupted global markets and caused turmoil for businesses reliant on Sino-American trade. President Trump has intensified tariffs on Chinese goods to 145%, while China has countered with 125% tariffs on U.S. products. This has led to significant volatility in global stock markets, with Japan's Nikkei index plunging over 5% and European markets also experiencing declines. While some markets like Hong Kong showed resilience due to hopes for Beijing's economic stimulus, overall investor sentiment remains shaky. Amid these tensions, the bond market has reacted with rising Treasury yields, reflecting broader economic concerns. The U.S. administration has announced a temporary 90-day tariff delay for some countries, but uncertainties persist regarding future trade negotiations.