U.S. Tariff Policy Sparks Market Turmoil and Global Reactions

According to BlockBeats, U.S. President Donald Trump has signed an executive order at the White House imposing a 10% 'minimum benchmark tariff' on trade partners, with higher 'reciprocal tariffs' for countries with the largest trade deficits with the United States. The announcement led to significant market disruptions, with the three major stock indices experiencing declines exceeding 5.5%, marking the largest single-day drop since 2000. The Dow Jones Industrial Average plummeted over 2,000 points, entering a correction phase, while the Nasdaq fell into bear market territory. In response to Trump's tariff policy, several countries have implemented or announced countermeasures, raising concerns among investors about a potential U.S. economic recession. The S&P 500's market value has decreased by approximately $5.4 trillion over the past two days. In the cryptocurrency market, mainstream digital currencies have collectively experienced sharp declines. Bitcoin, in particular, saw a dramatic drop from $88,000, falling below the critical $80,000 threshold on Sunday. Concurrently, the crypto market has witnessed a surge in liquidation volumes, with a single-day total reaching $590 million, indicating a turbulent period in the digital currency sector. The global financial landscape is facing heightened uncertainty as nations react to the U.S. tariff measures, and investors remain wary of the potential economic fallout.