Global markets started the week on a rocky note as tensions in the trade war intensified, with US President Donald Trump doubling down on tariffs and sparking retaliatory moves from key trading partners. Trump’s aggressive stance—threatening a 50% duty on Chinese imports and defending his approach as a “reset” for America—sent shivers through investor sentiment, dragging equities lower for a third straight day. “I don’t mind going through it,” he said, hinting at a long game with potentially high economic stakes.China swiftly condemned the move, calling it economic bullying, while the European Union floated its own countermeasures—proposing 25% tariffs on American staples like soybeans and sausages. With economic titans squaring off and no resolution in sight, markets are bracing for more volatility as fears of a global recession take deeper root.
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