Donald Trump is pushing his team to ‘be more aggressive’ as they hammer out the finer details of the tariffs. The stock market is in a tailspin with genuine and mounting fears of recession and further pain to household hip pockets. Trump advisers are considering far-reaching global tariffs of up to 20 percent which would hit virtually every single US trading partner and have very little room for exemptions. The sweeping 20 percent hike would replace reciprocal tariffs which he has promised will begin on Wednesday.
| Published March 31, 2025
President Donald Trump has announced sweeping global tariffs, sending financial markets into turmoil and raising concerns about economic stability. Dubbed “Liberation Day,” the policy includes a 25% tariff on foreign-made cars and auto parts, set to take effect this week, with broader reciprocal tariffs for all trading partners following on April 2. Trump has dismissed concerns about potential price hikes, arguing that higher tariffs will push consumers toward American-made products.
Trump has pushed his team in recent days to ‘be more aggressive’ as they hammer out the finer details of the tariffs, which have already sparked protests across the nation
The announcement has already had a significant impact on global markets. Asian and European stock indices plummeted, with Japan’s Nikkei suffering a nearly 4% drop. In the U.S., Dow Jones and S&P 500 futures fell sharply, while gold prices surged to a record $3,154 per ounce as investors sought safe-haven assets.
Financial analysts warn of potential recession risks. Goldman Sachs has raised its U.S. recession probability to 35%, while UBS has adjusted its S&P 500 forecast downward, citing heightened economic uncertainty. Some economists fear that the tariffs could lead to stagflation, a dangerous combination of persistent inflation and stagnant demand.
The tariffs are part of Trump’s broader strategy to address trade imbalances and support domestic manufacturing. However, critics argue they could backfire, increasing consumer costs and provoking retaliatory measures from major trade partners. The auto industry, in particular, is expected to take a hit, with analysts predicting an 11-12% rise in car prices, affecting both sales and profitability.
Japan’s benchmark Nikkei in Asia sunk 3.6 percent to a six-month low as stocks continued to suffer fallout from Trump’s yo-yoing tariffs
As implementation looms, businesses and global leaders are bracing for further market fluctuations and potential trade disputes. With international tensions rising, the long-term effects of Trump’s aggressive tariff policy remain uncertain, leaving investors and policymakers on edge.
SOURCES: DAILYMAIL ONLINE – Trump considers extraordinary 20% global tariff on ALL IMPORTS sparking fears of worldwide market bloodbath
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