The global financial markets experienced a third consecutive day of decline on April 7, in response to US President Donald Trump’s imposition of unprecedented tariffs on most of the United States’ trading partners. Investors are growing increasingly nervous about the prospects of a wider trade war, which could potentially spark a global recession. The tariffs are expected to have far-reaching effects on world economic growth due to increased manufacturing costs, inflation, decreased business confidence, fluctuating markets, and supply chain disruptions. Trump’s comments on Air Force One over the weekend suggesting investors would have to deal with the current market downturn only exacerbated further declines in Asia and Europe.

Source: https://www.dw.com/en/global-stocks-plummet-as-trump-tariffs-stoke-recession-fears/a-72158605?maca=en-rss-en-all-1573-rdf