The S&P 500 futures fell 0.7% and Nasdaq futures lost 1.1%, following Japan's Nikkei's 4.1% drop to a six-month low due to automaker stocks suffering from Trump's talk of 25% tariffs on imported cars. Investors sought safe havens in sovereign bonds, the Japanese yen, and gold, which hit an all-time high at $3,128.06 an ounce. European Union leaders were prepared to respond with tariffs, but also considered offering concessions to US President Trump. Goldman Sachs analysts now see a 35% chance of a US recession, citing concerns over tariffs' impact on the economy and inflation.
https://channelnewsasia.com/business/stocks-fall-sharply-bonds-gold-buoyed-tariffs-stoke-recession-fears-5034146US President Donald Trump is set to receive tariff recommendations on Tuesday, which will be unveiled as "Liberation Day" on Wednesday. He has already imposed tariffs on aluminum, steel, and autos, as well as increased tariffs on goods from China. Investors are seeking safe harbor by buying sovereign bonds and the Japanese yen, while gold prices have reached an all-time high. The European Union is prepared to respond with its own tariffs, but may offer concessions to Trump, according to German Chancellor Olaf Scholz. Experts warn that policy chaos and trade wars could lead to a recession, citing concerns raised by Barclays' head of rates markets Ajay Rajadhyaksha.
https://www.dailymail.co.uk/news/article-14553797/trump-worldwide-tariffs-stock-market-tailspin.htmlPresident Donald Trump criticized both Vladimir Putin and Volodymyr Zelenskyy on Sunday, expressing frustration with the Russian and Ukrainian leaders as he struggles to forge a truce to end the war in Ukraine. Trump expressed anger at Putin's questioning of Zelenskyy's credibility, suggesting that Ukraine needs external governance. He also hinted at adding new sanctions on Russia and using tariffs to undermine its oil exports.
https://www.boston25news.com/news/world/trump-voices-anger/AQDEMPVPYRGVJFJSAL6R3CEDOU/President Donald Trump announced that tariffs imposed on April 2 will target "all countries", not just those with significant trade imbalances, in an effort to address unfair trade practices. The tariffs are expected to raise $6 trillion over a decade and include levies on steel and aluminum imports, as well as auto imports from China. Treasury Secretary Scott Bessent had previously identified 15 countries with persistent trade imbalances, known as the "Dirty 15", but Trump said all countries will be affected.
https://www.malaymail.com/news/world/2025/03/31/trump-to-impose-tariffs-on-all-countries-dashing-hopes-for-selective-targets/171476Governments worldwide are pushing back against US President Trump's tariffs, with Canadian Prime Minister Mark Carney announcing retaliatory measures to protect his country's workers and economy. The move comes as the Federal Reserve's inflation data showed a rise in prices due to concerns over Trump's tariffs, leading to market downturns globally. Japan's Nikkei 225 index plummeted over 4% after automakers Toyota, Nissan, and Mazda suffered significant losses, while SoftBank tanked over 5%. The impact of the tariffs is expected to be particularly harsh on South Korea and Japan, with car exports being a major concern, as they account for around 6% of Japan's total exports and 4% of South Korea's.
https://channelnewsasia.com/business/japan-nikkei-down-4-equity-market-losses-gold-record-trump-tariffs-5034681US President Donald Trump threatened Iran with bombing and secondary tariffs if Tehran does not reach an agreement on its nuclear program, warning of "bombing the likes of which they have never seen before" in a telephone interview with NBC News.
https://www.japantimes.co.jp/news/2025/03/31/world/politics/trump-bombing-iran-nuclear-deal/US President Donald Trump has threatened Iran with bombings and secondary tariffs if the country does not reach a nuclear deal with the US, according to Reuters.
https://www.asiaone.com/world/trump-says-there-will-be-bombing-if-iran-does-not-make-nuclear-dealUS President Trump has announced plans to impose a suite of reciprocal tariffs on nations that charge fees on US exports. Following a memorandum signed in February, he directed US trade officials to identify countries and tailor counter-measures. However, Trump recently suggested scaling back his plans, potentially imposing tariffs at lower rates than the countries charge the US.
https://www.thehindu.com/news/international/us-president-trump-says-reciprocal-tariffs-will-target-all-countries/article69395119.eceUS President Donald Trump threatened to impose secondary tariffs on all oil coming out of Russia in response to Putin's comments about Ukraine's credibility. The US has been pushing for a ceasefire in the three-year-old war, but negotiations have stalled. Trump has a "very good relationship" with Putin, but his administration has failed to reach a breakthrough. Russia has bolstered its ties with Washington since Trump's return to office and has continued its invasion of Ukraine, capturing a village near the border with the central Dnipropetrovsk region. Ukrainian President Volodymyr Zelensky accused Russia of dragging out talks without intention of halting its offensive, while Trump warned that imposing tariffs on Russian oil could target buyers such as China and India.
https://www.malaymail.com/news/world/2025/03/31/trump-says-very-angry-with-putin-over-ukraine-threatens-oil-tariffs-on-russia/171442