World markets have reacted negatively to the latest round of tariffs announced by President Trump, with Asian and European markets experiencing significant declines. Rising yields on government bonds indicate growing investor concern about inflation and economic uncertainty. The S&P 500 is nearing a bear market threshold, reflecting fears that the tariffs could disrupt global supply chains and lead to an economic downturn. World leaders are negotiating with the U.S., with some countries offering concessions to avoid tariffs. China, now facing a 104% tariff rate, has retaliated and accused the U.S. of protectionism. The trade conflict could escalate tensions in other areas, such as technology and Taiwan. Both nations remain at a brinkmanship stage, with potential for further economic damage. While some countries like the Philippines see opportunities amid the turmoil, others like Vietnam and South Korea face severe economic challenges. The long-term impact on global trade and cooperation remains uncertain.
— new from The New York Times
