Global Markets Tumble as Trade Tensions Escalate

Asian stock markets experienced a dramatic downturn on Monday, as the continuation of expansive tariff measures from the White House showed no signs of abating. Investors fearing a looming recession are now betting on a series of interest rate cuts by the U.S. Federal Reserve, potentially starting as early as May. The financial tumult was exacerbated by President Donald Trump’s insistence that trade deficits be addressed before any deal with China is made. Despite substantial market losses, Trump remains firm on his stance, seemingly unfazed by these economic repercussions, as shared by Sean Callow, a senior analyst at ITC Markets….