The global stocks meltdown continued at Wall Street's open on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting interest rates as early as May.

During a typical recession, consumer demand drops, meaning that companies selling products and services lower their prices (or at least not raise them) in order to entice reluctant customers to spend. But Trump’s across-the-board tariffs could potentially drive price increases at the same time they send the country into a recession.

The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. At the end of Thursday, April 3, Dow Jones closed at 1,

The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.

The effects of President Donald Trump’s tariffs are starting to be felt across the globe, with his blanket 10% tax on imports now in effect. Much steeper tariffs are set to go into place by midweek, after a weekend that saw mass protests across the nation.

The impact of U.S. President Donald Trump’s blast of tariff hikes was reverberating across world markets Monday as America’s trading partners puzzled over whether there is room for negotiating better deals.

The writer is President Trump’s senior counsellor for trade and manufacturing . The international trade system is broken — and Donald Trump’s reciprocal tariff doctrine will

Donald Trump has threatened China with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall. Beijing retaliated on Sunday,

Bring back manufacturing? Raise revenue? Negotiate with every country in the world? Trump can’t have his cake and eat it too.

The tariffs will hack at the root of Vietnam’s export-oriented economic model. In recent years its economy has benefited from manufacturers diversifying away from China, growing by an average of 7% a year over the past decade (excluding the pandemic).

Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He's singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

Just hours after Trump's comments, stock markets plunged in Asia early on Monday, with Hong Kong's Hang Seng losing 9.8%.