Global markets are in turmoil after President Donald Trump unveiled sweeping new tariffs on major trade partners. Stock indexes in London, Paris, Tokyo, and Hong Kong took a hit, while gold soared to a record high as investors sought safety. Big-name companies like Adidas, Puma, Pandora, and LVMH saw their shares plunge. Experts warn this drastic shift in trade policy could spark inflation and even push the U.S. toward recession. Here’s what you need to know in just 60 seconds.
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