Stock markets and the dollar tumbled Thursday after President Donald Trump's latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation. "The simultaneous decline in both stocks and the US dollar speaks volumes about investor confidence in Trump's trade policy," said City Index and FOREX.com analyst Fawad Razaqzada.

Experts warn of rising costs, supply chain chaos, and economic fallout.

NEW YORK: Stock markets and the dollar tumbled Thursday (Apr 3) after President Donald Trump's latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation. The dollar slumped by as much as 2.6 per cent versus the euro, its biggest intraday plunge in a decade,

With the weighted average EU tariff on US goods around 3%, Donald Trump's 20% is neither kind, nor reciprocal, writes Edmund Heaphy.

As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets. Yale's Budget Lab estimated the effect of recent tariffs, up to and including Wednesday's announcement, would cause a 17 percent rise in the cost of clothing and textiles.

US President Donald Trump announced plans for sweeping tariffs Wednesday, saying the US has been “looted, pillaged, raped and plundered” by other nations. He lodged a 10 percent tariff on most goods…

Trump's new tariff policy is set to have a significant impact on global trade, with nearly 90 countries affected by increased duties on imports into the United States. Among them, Bulgaria, Greece, and Romania—as part of the European Union—will face a combined tariff rate of 30% on their exports, while non-EU Balkan neighbors like Serbia, Turkey, and North Macedonia will also experience major economic consequences.

Stocks, oil, and the US dollar tumble as Trump imposes sweeping tariffs, fueling fears of recession and inflation.

Stock indexes tumbled, with the S&P 500 down more than 4% in morning New York trading on Thursday.

The markets reacted violently to Donald Trump’s announcement of a new 10 per cent tariff on all imports to the United States.

Trump announces 26 per cent reciprocal tariffs on India heralds global trade war, includes China, Canada, Mexico, Japan, and Germany as well.

Wall Street’s major indexes fell sharply after President Trump’s new tariffs raised trade war fears. The Dow dropped 2.66%, the S&P 500 declined 3.32%, and the Nasdaq plunged 4.50%, reflecting market uncertainty.

Personal finance analysts say some some prices in the UK may actually come down after US President Donald Trump announced bombshell global tariffs including a 10% import tax on UK goods

The flat 10 percent duty being applied to US imports will apply on top of any existing tariffs, but there are some exceptions.

Trump's imposition of tariffs will "have an adverse impact," Ireland's Taoiseach Micheál Martin said today in Dublin.

The Pound Sterling (GBP) surges to near 1.3200 against the US Dollar (USD) during the North American trading hours on Thursday, the highest level seen in almost six months.

This aggressive escalation of Trump's trade wars could mean higher prices on virtually every product Americans purchase from overseas. Worse, analysts predict the tariffs could trigger recessions...