Tuesday’s newspapers are, unsurprisingly, focused on the market chaos caused by last week’s US tariffs. Several headlines look at the growing trade war between the two largest economies in the world as China retaliated with their own tariffs on the US – which led to Donald Trump telling them to back down from their tariffs or face a further 50% tariff on Wednesday. China has said it won’t back down.
Experts have warned investors about a ‘Black Monday’-like crash on April 7. On Sunday, U.S. stock futures plummeted, and the internet being as creative and hilarious as it is flooded Twitter/X with ‘Orange Monday’ memes.
BBC’s business editor Simon Jack was asked: Is this a stock market crash? Here’s what he has to say:
Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.
A look at the market jitters ahead of the new round of US tariffs – with US media speculating it is set to be a blanket 20% tariff on all non-American goods.
Global stock markets, including the S&P 500 and Nasdaq, experienced declines as investors await imminent tariff announcements from President Trump, reflecting broader economic uncertainties.
Stock markets in Asia and Europe have declined sharply as the 2 April implementation of US tariffs on imports approaches, with Japan’s Nikkei index dropping nearly 4% and the UK’s FTSE 100 reaching a two-week low.
Cliff notes Global Stock Markets Slide as Trump’s Tariff Threats Shake Investor Confidence
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