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Trump's massive tariffs shake markets, spark recession fears

WASHINGTON, DC - APRIL 02: U.S. President Donald Trump, accompanied by White House staff secretary Will Scharf, signs executive orders imposing tariffs on imported goods during a "Make America Wealthy Again" trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as "Liberation Day", Trump announced sweeping new tariffs targeting goods imported to the U.S. on countries including China, Japan and India. (Photo by Andrew Harnik/Getty Images)
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A drone view shows containers on a ship on the day U.S. President Donald Trump is set to announce new tariffs, at the Port of Baltimore, Maryland, U.S., April 2, 2025. REUTERS/Evelyn Hockstein
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A television station broadcasts stock market news on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, April 3, 2025. Losses accelerated through world markets as trading shifted into the US on deepening concern President Donald Trump's trade war will upend the global economy.
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Live Updates The US dollar wiped out all gains since the president was elected
Trump’s hefty tariffs send stock markets around the world falling
Tariff-related layoffs hit five US auto plants that supply factories in Canada and Mexico
These are the hardest-hit US trading partners under Trump’s tariffs
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Video The math Trump’s admin. used to calculate tariff rates stuns economists 2:25
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Video Richard Quest explains who feels the immediate impact of Trump tariffs 2:38
ZEBULON, GEORGIA - OCTOBER 23: Republican presidential nominee, former U.S. President Donald Trump looks on during a roundtable with faith leaders at Christ Chapel on October 23, 2024 in Zebulon, Georgia. Trump is campaigning across Georgia today as he and Democratic presidential nominee, U.S. Vice President Kamala Harris attempt to win over swing state voters. (Photo by Anna Moneymaker/Getty Images)
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Video How world leaders reacted to Trump’s new tariffs 2:17
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Mandatory Credit: Photo by Majdi Fathi/NurPhoto/Shutterstock (15235081ah) Palestinians travel in vehicles between the northern and southern Gaza Strip, along the Rashid Road (coastal road) west of Gaza City, on April 2, 2025. Israel's Defence Minister announces a major expansion of military operations in Hamas-run Gaza, stating the army will seize ''large areas'' of the Palestinian territory. Hamas Israel Conflict, Gaza, Palestine - 02 Apr 2025
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WASHINGTON, DC - MARCH 24: White House Senior Advisor, Tesla and SpaceX CEO Elon Musk (L) listens during a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. This is Trump's third cabinet meeting of his second term, and it focused on spending cuts proposed by the Department of Government Efficiency (DOGE) (Photo by Win McNamee/Getty Images)
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Victims of scam centers who were tricked or trafficked into working in Myanmar, stuck in limbo at a compound inside the KK Park, a fraud factory, and a human trafficking hub on the border with Thailand-Myanmar after a multinational crackdown on the compounds run by criminal gangs, operated by the Karen Border Guard Force (BGF) in Myawaddy, Myanmar, February 26, 2025. REUTERS/Stringer
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Denmark's Prime Minister Mette Frederiksen walks with Greenland's acting Prime Minister, Múte B. Egede, during a three-day visit in Nuuk, Greenland.
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Strive Masiyiwa, Founder and Executive Chairman, Econet Group; Co-Founder, Higherlife Foundation speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. REUTERS/David Swanson
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Space and science

These whirling lines in the sky are the trails of stars after an hour-long exposure above Kitt Peak National Observatory (KPNO), a Program of NSF NOIRLab. The trails are shortest around the North Star, Polaris, a star that happens to coincide almost directly with the celestial north pole. The different colors in the trails reflect the different temperatures of the stars, with blue being the hottest stars and yellow/red the coolest. The telescope visible above the horizon is the Nicholas U. Mayall 4-meter Telescope, and the red glow on the mountain is caused by red lights used to ensure the eyes of visitors and staff remain dark adapted at night. The yellow glow on the horizon comes from Tucson, AZ, about 89 kilometers (55 miles) to the northeast. Over the past decade, light pollution like this has increased by 2% a year from many medium-sized and larger cities. To help monitor light pollution in your city, you can participate in the citizen science campaign, Globe at Night.
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Global Travel

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People sunbath and swim at the beach of Monterosso in the Cinque Terre National Park, near La Spezia, nortwestern Italy, on August 13, 2024. A UNESCO World Heritage Site since 1997 with almost 4,000 hectares of land, 130 kilometres of hiking trails, 5 villages, 4,500 hectares of Marine Protected Area and 4,000 inhabitants, the Cinque Terre (Five Lands) welcomed four million visitors in 2023, an increase of one million from 2022. (Photo by MARCO BERTORELLO / AFP) (Photo by MARCO BERTORELLO/AFP via Getty Images)
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Global Business

Demonstrators gather outside of the offices of the U.S. Department of Education in Washington, D.C. on March 13, 2025, to protest against mass layoffs and budget cuts at the agency, initiated by the Trump administration and DOGE.
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Style

Argentinian model Mica Arganaraz (R) acknowledges the audience with models after presenting creations by Duran Lantink for the Womenswear Ready-to-wear Fall-Winter 2025/2026 collection as part of the Paris Fashion Week, in Paris on March 9, 2025. (Photo by Bertrand GUAY / AFP) (Photo by BERTRAND GUAY/AFP via Getty Images)
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US Politics

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Tech

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Photos You Should See

TOPSHOT - Buddhist monks stand on rubble as they clear up debris at the damaged Thahtay Kyaung Monastery in Mandalay on April 1, 2025, four days after a major earthquake struck central Myanmar. Four days after the shallow 7.7-magnitude earthquake that killed more than 2,000 people, many people in Myanmar are still sleeping outdoors, either unable to return to ruined homes or afraid of further aftershocks. (Photo by Sai Aung MAIN / AFP) (Photo by SAI AUNG MAIN/AFP via Getty Images)
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Mar 28, 2025; Atlanta, GA, USA; Michigan State Spartans forward Coen Carr (55) dunks against Mississippi Rebels forward Malik Dia (0) in the second half of a South Regional semifinal of the 2025 NCAA tournament at State Farm Arena. Mandatory Credit: Dale Zanine-Imagn Images TPX IMAGES OF THE DAY Will
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Bison aren’t just beneficial for helping environments store more carbon, they’re often described as <a href="index.php?page=&url=https%3A%2F%2Fwww.rewildingbritain.org.uk%2Fwhy-rewild%2Freintroductions-key-species%2Fkey-species%2Feuropean-bison%23%3A%7E%3Atext%3DThe%2520bison%2520is%2520a%2520keystone%2Cbutterflies%252C%2520insects%252C%2520and%2520reptiles." target="_blank">ecosystem engineers</a>. By debarking trees, they clear wooded patches, allowing grassland plant species to grow. Their unique wallowing (soil-bathing) behavior creates habitats for a host of ground-dwelling insect and reptile species, and by <a href="index.php?page=&url=https%3A%2F%2Frewildingeurope.com%2Fimpact-stories%2Feuropean-bison%2F%23%3A%7E%3Atext%3DIn%2520addition%252C%2520bison%2520disperse%2520nutrients%2Cfloral%2520biodiversity%2520and%2520supports%2520pollinators%29." target="_blank">dispersing seeds</a> stuck to their fur and in their dung, they help to further improve ecosystem diversity.
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