Global Markets in Turmoil Amid Trump's Tariffs

Global financial markets are experiencing significant turmoil as President Donald Trump's newly imposed tariffs have sparked fears of a global economic slowdown. The S&P 500 dropped into bear market territory, declining over 20% from its recent peak, while the Dow Jones Industrial Average and Nasdaq Composite also saw substantial losses. Trump's tariffs include a baseline 10% on all U.S. imports and higher rates on specific countries like China and Vietnam, leading to retaliatory measures from trading partners. Despite market turbulence, Trump remains steadfast, describing tariffs as necessary 'medicine' for the economy. Economic experts and business leaders warn that these tariffs could exacerbate inflation and slow economic growth. In response to the tariffs, global markets, including those in Europe and Asia, have seen dramatic losses, with some indices experiencing their worst declines in decades.