President Trump’s announcement of a sweeping tariff plan has triggered significant market reactions worldwide, leading to substantial drops in global stock indices and increased volatility in cryptocurrencies. The tariffs, aimed at increasing duties on imported goods, have caused widespread concern about economic impact and potential supply chain disruptions. 4.1% was the dramatic decline recorded by the S&P 500. The retail and technology sectors were particularly hard hit, as major companies experienced substantial losses. ographies like the European Commission and China’s Ministry of Commerce voiced concerns over the tariffs’ potential to destabilize businesses and global trade. This echoes a similar pattern observed during the 2018 U.S.-China trade tensions, where the market experienced significant economic disruptions. The cryptocurrency market has not been immune to this turmoil either, with Bitcoin dropping by over 5% in the past 24 hours. Global markets remain on edge, awaiting further developments and clarity from policymakers regarding these tariffs.