Global stock markets dropped Thursday following sweeping US tariff announcements by President Trump, according to the BBC. European markets followed Asia’s downturn, with sharp declines in Japan and Hong Kong. The new tariffs sparked fears of inflation, weakened growth, and a possible US recession. Shares in Adidas, Puma, Pandora, and LVMH slid after tariffs targeted China, Vietnam, the EU, and Switzerland. Deutsche Bank’s George Saravelos warned the shift risks damaging policy credibility, calling it the most significant US trade pivot in a century. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
