Shares plummet due to tariff chaos and the market is betting on rapid tax cuts Last Cable

WORLD.—The main stock exchange indices plummeted on Monday as US President Donald Trump showed no signs of reversing his broad tariff plans. Faced with the growing risk of recession, investors bet that the Federal Reserve could cut interest rates as soon as May. Future markets reacted quickly, discounting nearly five quarter-point cuts in US rates for this year, causing a sharp drop in Treasury bond yields and weakening the dollar against shelte…