Stocks Extend Global Rout After Trump's Shock Tariff Blitz

If I was here six months ago, I would have said a recession in 2025 or 2026 was one-in-five and now that's certainly one-in-two if not higher,

Zelter told Bloomberg Television

The rest of the world wants to see is there any way they can make a deal.

He added

We believe that the decision is not in line with the reality of mutually beneficial economic and trade cooperation between the two countries

Pham Thu Hang, the spokesperson for Vietnam's foreign ministry, said

There’s really not anybody getting spared in absolute terms

Garrett Melson, a portfolio strategist at Natixis Investment Managers Solutions, told Yahoo

The markets are going to boom, the stock is going to boom and the country is going to boom,

Trump said as he left the White House to fly to Florida

Donald Trumppresident

I think he was very happy about how we treated them with tariffs.”

Mr Trump told reporters on Air Force One

You can't really fight with the United States."

And Lutnick also struck a hard line, saying

Let Donald Trump run the global economy. He knows what he's doing,

Lutnick said on CNN

It's what is expected,

the 78-year-old president said of the market reaction

Lai Ching-tepresident

We feel that this is unreasonable and are also worried about the subsequent impact these measures may have on the global economy,

Lai said in a statement on his Facebook page Thursday night

If enforced, would negatively impact bilateral economic and trade relations as well as the interests of businesses and people in both countries,

said Hang

America’s action crudely destroyed the normal order of trade between the U.S. and China, severely impacted cooperation between global industries, and greatly harmed the rights of consumers, including American citizens,

said a statement from the China Light Industry Association, which represents the interests of light manufacturing businesses

The real race is to build the compute required for general intelligence—still a few years out, but one that will multiply AI’s utility far beyond where it is today.”

Munster said

Once the fog of tariffs closes, we’ll resume a two-year bull market, powered by AI.”

Munster said

You're seeing retailers get destroyed right now because tariffs extended to countries we did not expect,

said Jay Woods, chief global strategy at Freedom Capital Markets, adding

In the meantime, the steep tariffs on imports are likely to be an immediate drag on the economy, with limited short-term benefit,

she said

The president is not going to back off.”

But earlier, on “The Situation Room” on CNN, Commerce Secretary Howard Lutnick, vowed ... And on Fox News, Trump’s top trade adviser Peter Navarro insisted

The challenge these tariffs are going to present is that they are almost certainly going to raise the cost of living for Americans at least in the short-term,

Republican pollster and strategist Kristen Soltis Anderson told CNN’s Kasie Hunt

Foreign nations who have to sell here are going to lower their prices and then the next thing they’re going to do is continue to manipulate their currency, so our currency is going to get stronger,

Navarro told CNN’s Phil Mattingly

I think it’s going very well,

Trump told reporters Thursday, in the aftermath of his “Liberation Day” announcement the day before