Global Markets React to Trump's Tariff Plans Across 25 Countries

Global markets are experiencing significant turmoil due to President Trump's announcement of widespread tariffs affecting nearly all countries, prompting fears of a recession. The Nikkei saw its largest drop in six months, falling 3.8%, while U.S. futures also declined, with the S&P 500 and Nasdaq down 0.6% and 1.1% respectively. Analysts have raised the likelihood of a U.S. recession to 35%, driven by the uncertainty surrounding trade policies. The tariffs, set to impact over $1.5 trillion in imports, have led to a notable decline in cryptocurrencies, with Bitcoin and Ethereum experiencing sharp price drops and increased trading volumes. Additionally, as investors seek safety, U.S. Treasury yields have fallen while gold prices have surged. The overall economic landscape remains precarious with expectations of central bank rate cuts looming amid these developments.