U.S. Begins 10% Tariffs, Global Markets React

President Donald Trump's recent implementation of a 10% tariff on imports has sparked significant global market reactions, with stock markets experiencing steep declines amid recession fears. Political scientist Ian Bremmer described Trump as an 'incredible unifier' of nations against the U.S., noting that his trade policies have prompted retaliatory measures from countries like China, which has imposed additional tariffs on U.S. exports. The tariffs are viewed as a monumental shift in U.S. trade policy, with critics warning that they could lead to a trade war and economic downturn, especially affecting the auto industry. While the U.S. job market showed unexpected strength with 228,000 new jobs in March, concerns persist that rising trade tensions could hinder further growth and lead to job cuts. Economists predict that trade-related disruptions could slow GDP growth significantly, with a potential recession looming. Businesses are taking a cautious approach to hiring due to these uncertainties, despite current low unemployment rates and wage growth.