The stock markets across the globe have been in turmoil ever since United States President Donald J. Trump welcomed ‘Liberation Day’ with a bold announcement to increase tariff rates to a substantial degree on all sovereign nations and regional actors.

Trump declares April 2 “Liberation Day,” launching high tariffs under the Reciprocal Trade Act to protect U.S. industries.

Tariffs curb imports from Europe, Japan, Mexico, and China, boosting U.S. auto production and jobs for a stronger domestic industry.

Rising tariffs and a depreciating yuan are reshaping U.S.-China trade, with impacts on prices, market access, and global supply chains.