Trump's Trade War Sparks Global Stock Market Turmoil

Stock Markets Plunge as Trump Jokes with Baseball Team

Donald Trump's ongoing tariff war with the world has led to another day of significant losses for stock markets worldwide. The total amount wiped off international stock markets has now surpassed $8.5 trillion (£6.6 trillion) since Trump initiated what he dubbed as "Liberation Day".

Threats of Further Tariffs on China Escalate Tensions

Despite the market turmoil, the unfazed US President threatened to impose an additional 50 per cent tariff on China, following Beijing's 34 per cent retaliatory levies. The escalating trade tensions could potentially lead to a major global recession, with fears of plunging trade between the two superpowers.

Market Turmoil Surpasses Historic Events

With 13.5 per cent wiped off some markets, the economic impact is comparable to the infamous 1987 Black Monday crash and ranks worse than significant events such as the start of World War Two, 9/11, and the onset of the Covid-19 pandemic.

Global Leaders Respond to Economic Crisis

As stock markets continue to fluctuate, global leaders are making efforts to address the economic turmoil. Despite calls for a pause on tariffs, Trump remains firm on his stance, while the European Union offers to reduce tariffs on US goods.

Market Experts' Insights and European Market Reactions

Market experts like BlackRock chief Larry Fink view the recent sell-offs as a potential buying opportunity, while European markets, including Germany's DAX index and France's CAC, experience significant losses. London's FTSE 100 also falls by 4.38 per cent, marking an 11 per cent loss over three days of trading.