Markets plummit as Trump’s 10 percent global tariffs take effect

Markets suffered a brutal blow as US President Donald Trump's broadest-ranging tariffs came into effect on Saturday, in a move many analysts say will heighten global trade tensions, stoke recessionary fears and likely generate tit-for-tat punitive measures by trading allies. In response, Beijing has said it will sue the US at the World Trade Organization.

Apr 5, 2025 - 10:00
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Markets plummit as Trump’s 10 percent global tariffs take effect
Markets suffered a brutal blow as US President Donald Trump's broadest-ranging tariffs came into effect on Saturday, in a move many analysts say will heighten global trade tensions, stoke recessionary fears and likely generate tit-for-tat punitive measures by trading allies. In response, Beijing has said it will sue the US at the World Trade Organization.

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