Global Markets Freefall: Trump Tariff Blitz | Wall Street Bleeds, Asia Sinks, Panic Spreads Globally
Video Credit: Oneindia - Duration: 03:01s - Published
Global Markets Freefall: Trump Tariff Blitz | Wall Street Bleeds, Asia Sinks, Panic Spreads Globally
Global financial markets are reeling as former U.S. President Donald Trump's aggressive tariff blitz against China ignites panic worldwide.
Major stock indices across Asia and Wall Street are plunging, with investor confidence shaken by rising trade tensions and retaliatory tariffs from Beijing.
What does this mean for your investments and the global economy?
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Donald Trump has announced the concept for his Golden Dome missile defence system â which includes plans for the US put weapons in space for the first time. Sky News
'Peace is not possible': Kyiv residents remain pessimistic over Trump-Putin talks
Ukrainian citizens view the Russian president's words to Donald Trump as a "stalling tactic," as Moscow's all-out war continues well into its fourth year.
READ MORE : http://www.euronews.com/2025/05/20/peace-is-not-possible-kyiv-residents-remain-pessimistic-over-trump-putin-talks
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Credit: euronews (in English) Duration: 01:50Published
SCHUMER vs TRUMP: Senator Chuck Schumer is under fire after suggesting that a Trump-era hiring freeze may have contributed to a tragic Mexican Navy ship crash at the Brooklyn Bridge that killed two cadets. Schumer pointed to weakened Coast Guard staffing as a potential cause, linking it to national security concerns. However, the Department of Homeland Security dismissed his claims, saying the Coast Guard was exempt and fully operational. Conservatives and media figures blasted Schumerâs remarks as baseless and political, with Fox Newsâ Mark Levin calling him âstupid and evil.â
#ChuckSchumer #Trump #ShipCrash #BrooklynBridge #MexicanNavy #NYCNews #USPolitics #CoastGuard #MarkLevin #FoxNews #SchumerBacklash #HiringFreeze #NationalSecurity #BreakingNews #VesselTraffic #BridgeCrash #SenateNews #DHS #ConservativeTwitter #PoliticalControversy #SchumerVsTrump #BlameGame #CoastGuardNews #PublicSafety #MarineAccident #TrumpEraPolicy #VesselMonitoring #SocialMediaBacklash #NYCIncident #PoliticalFirestorm
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Tensions flare in the South China Sea as British warship HMS Spey boldly challenges China's sweeping territorial claims. In a direct confrontation backed by NATO principles, the Royal Navy asserts international law and freedom of navigation. As Beijing condemns the operation as âdestabilizing,â London doubles down on its Indo-Pacific presence. Will this bold move escalate the ongoing power struggle in Asiaâs most volatile waters?
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Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But both sides called the discussions constructive, raising expectations for a deal. The WTO praised the talks as a "significant step forward," while U.S. futures, oil, and the dollar all climbed on optimism of easing tensions.
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Russian President Vladimir Putin accused Ukraine of launching attacks to intimidate world leaders attending Moscowâs Victory Day. Despite ceasefire calls, Kiev escalated drone strikes and incursions. Leaders from Asia, Africa, and Europe defied Western pressure and joined Putin to honor WWII history. Putin praised their political courage, calling out Ukraineâs ties to Nazi collaborators. Watch how the global stage reacted to this powerful moment in Moscow.
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President Trump now says he has âno intentionâ of firing Federal Reserve Chair Jerome Powell, despite calling him a âmajor loserâ just days ago. Trumpâs sudden reversalâdelivered in the Oval Officeâcomes after sharp criticism and market turbulence. Wall Street surged on the news, as fears of a central bank shakeup faded. Trump had previously accused Powell of failing to cut interest rates. The about-face follows internal White House talks on removing Powell, who is legally protected until 2026. Critics warned that firing him could destabilize the entire financial system.
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Senator Elizabeth Warren is calling for an investigation into whether Donald Trump manipulated tariffs to benefit his Wall Street donors. As working families and small businesses struggled with policy whiplash, did insiders profit off inside information? Warren says it reeks of corruption and demands answers. Her bold push adds fuel to ongoing scrutiny of Trumpâs economic legacy and deep financial ties.
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China-US Tariff War: President Donald Trump has declared a 90-day pause on all new "reciprocal" tariffs, excluding China, which now faces a 125% levy. The decision triggered a massive rally on Wall Street, with the S&P 500 seeing its best day since 2008. Trump emphasized the need to avoid hurting friendly nations. However, economists remain cautiousâGoldman Sachs warns of a 45% chance of a U.S. recession. Despite market optimism, analysts suggest the pause may not fully counteract the economic turbulence sparked by the ongoing global trade war.
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Global financial markets are in freefall after the U.S. administrationâs sweeping tariff announcement sparked a chain reaction of panic selling. Wall Street witnessed a historic two-day bloodbath, erasing $6.6 trillion in market value. China responded swiftly with a 34% retaliatory tariff, triggering a 10% crash in its own marketsâthe worst since 2008. Asia-Pacific markets nosedived, with Japanâs Nikkei plunging nearly 9% and Vietnam suffering significant declines under a 46% U.S. tariff. Europe wasnât spared either, as the STOXX 600 and major regional indices tumbled across the board.
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Xi Jinping warns that âbullyingâ and âhegemonismâ in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins in a tariff war, advocating for unity and cooperation. His comments follow a temporary truce in the U.S.-China trade conflict, where both nations agreed to significantly reduce tariffs. With China scaling back levies on U.S. imports and the U.S. agreeing to lower tariffs on Chinese goods, Xi framed China as a defender of free trade and global fairness.
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China has issued a stern warning to the United States, urging Washington to âstop smearing and shifting the blameâ over the ongoing fentanyl crisis. Despite a recently announced 90-day tariff reduction deal, tensions remain high as Beijing calls U.S. fentanyl-related policies unreasonable and harmful to bilateral cooperation. China reiterated that it does not bear responsibility for Americaâs opioid epidemic and called for respectful, equal, and constructive dialogue moving forward. While U.S. Trade Representative Jamieson Greer insists efforts will continue, Beijing's frustration could derail further negotiations.
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As U.S. trade tensions mount, China is strengthening its grip on Latin America. At the China-CELAC Forum in Beijing, leaders from across the region gathered, with many deepening their commitment to Chinaâs Belt and Road Initiative. With two-thirds of Latin American countries already on board, China has become the top trading partner for major economies like Brazil and Peru. Meanwhile, Trump's tariff threats and warnings over the Panama Canal have driven mistrust. China now positions itself as the reliable partner Latin America can count on.
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Trump hails 'great progress' as US-China trade talks in Geneva continue
The lead US negotiator described âa great deal of productivityâ in resolving US-China trade differences after two days of talks in Switzerland, following Trumpâs tariffs and Beijingâs retaliation.
READ MORE : http://www.euronews.com/2025/05/11/us-says-to-have-made-substantial-progress-during-its-two-day-talks-with-china-on-tariffs-d
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Credit: euronews (in English) Duration: 01:20Published
President Trump is set to announce a major trade deal with a âhighly respectedâ nationâconfirmed by insiders to be the UK. The deal may include U.S. tariff cuts on British steel, autos, and..
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