Global Markets Plunge Amid US Tariff Uncertainty

Global stock markets, commodity prices, and digital assets have been severely impacted by the recent US tariffs. Last week, President Trump signed an executive order imposing reciprocal tariffs ranging from 10% to 50% on over 180 countries, CE Report quotes Anadolu Agency

Major markets saw significant losses on Monday. In Asia, the Asia Dow dropped 9.5%, Japan’s Nikkei 225 fell 7.8%, and Hong Kong’s Hang Seng plunged 13.7%. European markets were hit hard as well, with Germany’s DAX losing 10%, while Britain’s FTSE100 and France’s CAC 40 both dropped by 6%.

US stocks also ended the week in the red, with the Dow falling 5.5%, its largest drop since June 2020. The S&P 500 and Nasdaq also saw steep declines.

Commodities experienced mixed results, with Brent oil falling 3.3%, while gold and silver showed small losses and gains. Digital assets were not spared, with Bitcoin down by 8.2% and Ethereum plunging 17%.

The market volatility is expected to continue as the impacts of the new tariffs unfold.