Stock Market

President Donald Trump's sweeping tariff plans hammered global financial markets and U.S. stocks braced for more turmoil on Monday, after he warned foreign governments they would have to pay "a lot of money" to lift the levies he called "medicine".

Asian equity markets sank, European shares crashed to a 16-month-low and oil prices plummeted as investors feared the duties Trump announced last week could lead to higher prices, weaker demand and potentially a global recession.

China announced Friday it will impose 34% tariffs on the U.S., just days after President Donald Trump unveiled the same amount against Beijing under his reciprocal tariff plan.

In the upheaval of President Donald Trump’s blanket tariffs, China is seeking common cause with jilted partners of the United States as it tries to extend its influence and take center stage in a new trade order — rebuilt without Washington.

Global investors grappled on Thursday with rising chances of an economic downturn and a sprawling trade war, as they scrambled for safe-haven assets to buffer against fallout from U.S. President Donald Trump's sweeping tariffs.

Markets were stunned late on Wednesday when Trump announced Washington's steepest trade barriers in more than 100 years. The move slammed stock markets and the dollar as investors sought safety in assets like bonds and the Japanese yen.

Vice President J.D. Vance touted the implementation of tariffs despite Thursday's massive stock market sell-off, telling Newsmax the Trump administration is "feeling good" while also reassuring one midwestern GOP senator that American farmers are going to be among those who "reap the rewards" in the end.

Vance joined "Rob Schmitt Tonight" to react to the Dow Jones tumbling 1,679 points on Thursday in reaction to President Donald Trump's tariffs. Vance asserted that "one bad day" in the stock market is going to render a "booming market for a long time."

U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.

Virtually every sector suffered big losses as U.S. financial markets closed with their biggest one-day drop since COVID-19 flattened the global economy five years ago.

Global stock markets fell on Thursday as investors reacted to US President Donald Trump's sweeping announcements on tariffs.

The UK's FTSE 100 share index fell 1.5% and other European markets were also lower, echoing falls seen earlier in Asia.

While stocks fell, the price of gold, which is seen as a safer asset in times of turbulence, touched a record high.

Traders are concerned about the global economic impact of Trump's tariffs, which they fear could stoke inflation and stall growth.

Stocks tumbled on Thursday after President Donald Trump announced his latest plan for tariffs, sparking fears of a global  trade war.

The Dow Jones Industrial Average plunged more than 1,000, while the S&P 500 and Nasdaq Composite fell more than 3.5% and over 4%, respectively.

Trump the latest tariffs on Wednesday afternoon during an event at the White House Rose Garden, which he said is going to focus on imposing reciprocal tariffs on U.S. trading partners.

Global markets reacted sharply and swiftly after President Donald Trump revealed his much-anticipated tariff plans Wednesday, with investors fleeing U.S. stock indexes and stocks of companies that rely on global supply chains plummeting.

S&P 500 futures, which indicate where it is likely to open Thursday, plunged 3%. Nasdaq 100 futures sold off by more than 4%, and Dow futures slid about 1,000 points, or 2%.

President Trump’s sweeping new tariff plan reverberated through global markets, with U.S. stock futures slumping and the dollar tumbling to its lowest level of the year. Popular stocks such as Apple, Amazon and Nike were among the largest retreaters in offhours trading and oil prices slid.

Here’s what to know:

All U.S. imports will be subject to a 10% tariff, effective April 5.