Global Markets in Turmoil After Trump's Tariff Announcement

Global markets are experiencing significant turmoil following President Donald Trump's announcement of sweeping new tariffs, leading to what many are calling 'Orange Monday.' The tariffs have triggered a sharp selloff in U.S. stocks, with major indices like the S&P 500, NASDAQ, and Dow Jones entering bear market territories, suffering losses reminiscent of the 2008 financial crisis. Despite brief recoveries based on false reports of a tariff pause, market sentiment remains negative, with investors seeking safer assets like government bonds. The situation has led to increased concerns over potential recession risks and inflation, as well as calls for possible Federal Reserve intervention. Markets globally, including Asia and Europe, have mirrored this downturn, with significant declines in indices like the Nikkei and DAX.