Global Market Jitters: Stocks and Bonds React to Tariff Concerns

Global stocks dropped significantly after U.S. President Trump's comments suggested tariffs might trigger an economic recession. Wall Street faced substantial losses, with major indexes like the S&P 500 and Nasdaq seeing sharp declines. Investors turned to government bonds, signaling increased caution amid uncertain economic conditions.

Global stocks took a hit, plummeting more than 2% as investors grappled with potential economic ramifications from U.S. President Donald Trump's tariff policies. Market indices like the S&P 500 and Nasdaq registered their steepest one-day declines since last year amid escalating fears of a recession.

Strategists identified Trump's recent remarks as stoking investor anxiety, indicating an acceptance of market downturns as collateral for broader trade objectives. This sentiment shift marks a departure from Trump's erstwhile market-focused narrative, causing fresh concerns among financial professionals.

Bonds gained traction as a safe haven, pulling yields lower, while global commodities including crude, gold, and numerous currencies reflected the market's cautious temper. Cryptocurrencies like bitcoin and ethereum also saw significant value drops within the volatile economic landscape.

(With inputs from agencies.)