Summary

Global stock markets fell sharply and the US dollar hit a six-month low after Donald Trump imposed steep tariffs on trade partners, raising fears of economic turmoil.

Asian indices like Japan’s Nikkei dropped over 3%, Vietnam’s market plunged 6.7%, and major European indices also fell.

US tech stocks led declines, with Apple down 7% and Tesla 8%. The dollar slid 1.1%, while gold surged to a record $3,167.50.

Investors fled to safe assets amid fears of a global recession and prolonged trade uncertainty.