US EditionTariffs spark US junk bond sell-off as recession risk mounts
- Global markets plunged on April 4, 2025, due to new tariffs and recession fears.
- President Trump's announcement of new tariffs on most nations triggered the market decline.
- The Dow fell 2,231.07 points, the S&P 500 dropped 5.97%, and the Nasdaq fell 5.8%.
- China retaliated before markets opened with a 34% tariff on U.S. Goods, contributing to losses.
- Analysts warn of potential economic contraction; WTO suggests a possible 1% global trade drop.
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The Virgin Islands Daily News+19 Reposted by 19 other sources
Markets devastated as recession fears grow over Trump tariff plan
WASHINGTON — A second day of market devastation shook Washington on Friday, vanishing more than $5 trillion in value in one of the largest 48-hour losses on record — an extraordinary rout caused not by pandemic, war, terrorism or bank…
·Cherokee County, United States
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This Week in Explainers: Will Trump’s tariffs lead to job losses and recession?
Donald Trump has unleashed chaos and confusion by imposing a slew of tariffs on countries across the world. A trade war is in the making; economists have painted a bleak scenario, warning of a possible global recession. We talk about this and more in our weekly roundup
·Mumbai, India
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Coverage Details
Total News Sources88
Leaning Left3Leaning Right14Center13Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
C 43%
R 47%
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