Trump's trade war sends stock markets tumbling as 'Liberation Day' tariffs spell 'global recession' warning

By GB News (World News) | Created at 2025-04-02 06:41:09 | Updated at 2025-04-03 08:16:26 1 day ago

Donald Trump's imminent trade war has sent global stock markets stuttering ahead of his controversial tariff plans later today.

The White House confirmed yesterday the President will impose new tariffs, however it did not provide details about the size and scope of the fees on what he has called "Liberation Day."


Asian stocks struggled for direction, with Japan's Nikkei last up 0.25 per cent after hitting its lowest level since September earlier in the session. South Korea's benchmark index was down 0.6 per cent.

The Hang Seng Index in Hong Kong dropped 0.8 per cent. In mainland China, the CSI 300 Index declined 0.1 per cent.

Stock markets across the world are holding their breaths ahead of Liberation Day\u200b

Stock markets across the world are holding their breaths ahead of Trump's "Liberation Day"

Getty

\u200bWhite House Press Secretary Karoline Leavitt holds a press briefing,

White House Press Secretary Karoline Leavitt holds a press briefing,

Reuters

\u200bTrump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick

Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick

Reuters

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