World stock markets plunge again as Trump doubles down on tariffs

Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in premarket trading, and oil prices sagged.

The massive selloff in riskier assets at the start of the trading week follows President Donald Trumps announcement of sharply higher U.S. import taxes and retaliation from China that saw markets fall sharply Thursday and Friday.

MORE: https://www.wthr.com/article/news/nationworld/worldstockmarketsplungeagainastrumpdoublesdownontariffs/5076bd88da4c81d45edafa4ba034c6f3848

Source: WTHR

Published on April 7, 2025