Trump Tariffs Rattle Global Markets

US slaps tariffs on 92 countries; global stocks plunge. Europe’s DAX, FTSE 100 drop 1-1.7%, Asian indices bleed, Canadian TSX futures fall 1%. Volatility spikes worldwide as trade fears mount.

Global stock markets sank today after President Trump’s administration imposed sweeping new tariffs on 92 countries—raising Canadian rates to 35% and escalating trade tensions dramatically. European stocks dropped over 1.5%, while major Asian indices like Japan’s Nikkei and Hong Kong’s Hang Seng closed in the red. The volatility index (VIX) soared, and safe-haven assets like US Treasuries rallied as investors rushed to hedge against intensifying trade wars. Economists warn of price surges, retaliation risks, and potential slowdowns in international trade. The timing—on the heels of weak US jobs data and with tech earnings mixed—has amplified recession worries, making markets volatile and unpredictable as policy shifts upend long-held trade norms.

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