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The carnage in financial markets unleashed by President Donald Trump’s tariffs continued unabated on Monday, with Asian equities pummeled from the open and stock futures in the US showing that last week’s $5 trillion wipeout isn’t over.

Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets.

There’s a good chance that markets will see more turbulence ahead similar to what happened on Thursday and Friday, former Treasury Secretary Lawrence Summers wrote in a post on X Sunday.

US Treasury Secretary Scott Bessent on Sunday struck a defiant tone in the face of global financial markets selling off sharply in response to new US tariffs, arguing the duties were necessary and rejecting the idea that they would cause a US recession.

European Central Bank Executive Board member Isabel Schnabel suggested that US President Donald Trump’s tariff onslaught may signify that the era of free-flowing global commerce is over.

In every corner of the financial markets, from stocks to bonds to commodities, investors are sending Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast.

Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn’t lead to a growing inflation problem.

Expectations for European Central Bank interest-rate cuts are rising as investors and analysts assessing the fallout from Donald Trump’s tariffs conclude that the outcome for inflation will be more benign while growth will suffer.

US job growth beat forecasts in March and the unemployment rate edged up, pointing to a healthy labor market before the global economy gets hit by widespread tariffs.

China retaliated against new US tariffs with levies on all American imports, delivering on a promise to strike back after President Donald Trump imposed duties and escalating a trade fight.

Eine leichte Entspannung in der Baubranche zeigt das Ergebnis des aktuellen Bauwirtschaftsradars der Wirtschaftskammer. Von Aufschwung ist zwar noch keine Rede, man gibt sich aber schon damit zufrieden, keinen neuen Tiefpunkt erreicht zu haben.

Investors braced for further pain across global markets as US stocks and the dollar suffered their worst day in years after President Donald Trump’s latest tariff measures sparked a global flight to haven assets.

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.

US President Donald Trump’s array of tariffs threatens the global economy and calls into question the European Central Bank’s achievements in fighting inflation, according to Governing Council member Joachim Nagel.

Federal Reserve Vice Chair Philip Jefferson said interest rates remain well positioned to handle competing risks despite a high degree of uncertainty in the economic outlook amid substantial changes to US policies on trade, immigration and regulation.

The US stock market is down almost 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W. Bush in 2001 during the height of the dot-com selloff.

Switzerland may have expected to get off lightly from Donald Trump’s tariff salvo given its lighter touch approach to regulation and skepticism toward the European Union. Instead, it’s been slapped with one of highest levies on the continent, raising concern for key industries.

Roughly $1.7 trillion was erased from the S&P 500 Index at the start of trading on Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.

US service providers expanded in March at the slowest pace in nine months as orders growth cooled and a measure of employment tumbled to the lowest since 2023.

US-Präsident Donald Trump hat am Mittwoch seinen umfassenden neuen Zollplan enthüllt und den „Tag der Befreiung“ für die US-Handelspolitik erklärt. Zunächst aber löste das ein Beben auf dem globalen Aktienmarkt aus. Die Börsen reagierten am Donnerstag weltweit mit hohen Verlusten, Investorinnen und Investoren wechselten zu krisensichereren Staatsanleihen und Gold.

The European Union, the US’s largest trading partner, vowed to retaliate after President Donald Trump announced sweeping tariffs against the bloc in his bid to dismantle the global trading system.

Global financial markets were hit by a sweeping selloff after President Donald Trump’s bid to remake the world trading order proved more aggressive than expected.

Donald Trump’s latest tariff hikes threaten to inflict a bigger hit on China’s economy than it suffered during his first trade war.

The following is a partial list of reciprocal tariffs announced by US President Donald Trump during his April 2 press conference.

Oil retreated after US President Donald Trump ratcheted up his trade war with sweeping tariffs on major trading partners, raising concerns that economic turmoil will hurt crude demand.

US stock futures plunged more than 3% after President Donald Trump outlined a slate of tariffs on US trading that raises the likelihood of a full-blown trade war that could plunge the US economy into a recession.

The White House said steel and aluminum imports won’t be subject to reciprocal tariffs in a move that will provide at least some relief to domestic buyers already incurring 25% duties on all imports of the key metals used in everything from automobiles to dishwashers.

US-Präsident Donald Trump setzt seine aggressive Handelspolitik fort und bringt ein neues weitreichendes Zollpaket auf den Weg. In einer Rede kündigte er am Mittwoch Zölle von 20 Prozent für die EU und 34 Prozent für China an. Betroffene Staaten und auch die EU hatten Gegenzölle in Aussicht gestellt – ein Handelskrieg mit den USA scheint nun unausweichlich.

Gold climbed toward a record ahead of US President Donald Trump’s implementation of sweeping “reciprocal” tariffs, which are expected to take effect later Wednesday.

Die US-Regierung von Präsident Donald Trump bereitet breit angelegte Zölle gegen zahlreiche Länder vor. Sie dürften in der Größenordnung von rund 20 Prozent erhöht werden, so die „Washington Post“ am Dienstag. Die Welt versucht sich vorzubereiten: Die EU hofft, wie viele andere Länder, auf eine Verhandlungslösung – erwägt aber auch eine scharfe Antwort. China, Südkorea und Japan rücken enger zusammen, und Israel hebt alle Zölle auf US-Importe auf.