Global markets and cryptocurrencies tumbles as Trump’s tariff escalation sparked fears
Global markets faced significant losses on Monday after Donald Trump reaffirmed his tough stance on tariffs. This announcement heightened concerns about a potential recession. Stocks dropped sharply, with US futures indicating a 3-4% decline. The Hang Seng index in Hong Kong plummeted over 10%. European and Asian markets also fell as investors sought safer assets, leading to a decrease in bond yields worldwide. Goldman Sachs raised the probability of a