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Mon, Jul 7, 2025
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1
Center
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Unrated
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Last Updated
91 days ago
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91 days ago
Updated 91 days ago
Global Markets Plunge as Trump Tariffs Spark Fears of Recession
Global Markets Plunge as Trump Tariffs Spark Fears of Recession

Global Markets Plunge as Trump Tariffs Spark Fears of Recession

News summary

Wall Street is experiencing significant declines, with the S&P 500 poised to enter bear market territory following President Trump's announcement of new tariffs that have prompted retaliatory measures from China. Futures for major U.S. indexes fell sharply, with the S&P 500 down over 20% from its peak, marking its most severe two-day loss since March 2020, erasing nearly $5 trillion in market value. The global response has been dramatic, with Asian markets like Hong Kong's Hang Seng index crashing by 13.2%, and European shares reflecting the turmoil, led by Germany's DAX index. Investors are fleeing to government bonds amid worries about recession and inflation stemming from the trade war. Analysts note that unless there are fundamental changes, such as a reversal of tariffs or improved economic outlooks, the market may continue to face volatility. The situation has sparked discussions among EU trade ministers regarding their response to the U.S. tariffs, with calls for aggressive measures against American tech giants.

Story Coverage
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Yahoo! Finance
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Wall Street sinks into bear market as Trump tariffs spark global rout
91 days ago
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The Times of Israel
Center
Global markets plunge amid growing panic after Trump doubles down on tariffs
91 days ago
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Yahoo! Finance
Left
Wall Street sinks into bear market as Trump tariffs spark global rout
91 days ago
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alt
The Times of Israel
Center
Global markets plunge amid growing panic after Trump doubles down on tariffs
91 days ago
Read Full Article
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d14615bbf-660e-4daa-a02a-adf82253a667
Left 50%
Center 50%
Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
0
Last Updated
91 days ago
Bias Distribution
50% Center
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Story Coverage
alt
Yahoo! Finance
Left
Wall Street sinks into bear market as Trump tariffs spark global rout
91 days ago
Read Full Article
alt
The Times of Israel
Center
Global markets plunge amid growing panic after Trump doubles down on tariffs
91 days ago
Read Full Article
alt
Yahoo! Finance
Left
Wall Street sinks into bear market as Trump tariffs spark global rout
91 days ago
Read Full Article
alt
The Times of Israel
Center
Global markets plunge amid growing panic after Trump doubles down on tariffs
91 days ago
Read Full Article
Ask VT AI
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d14615bbf-660e-4daa-a02a-adf82253a667
Left 50%
Center 50%

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