Global Markets Drop Amidst Escalating US-China Trade War

Market volatility surged on Friday, marking a second consecutive day of declines, as President Trump’s reciprocal tariffs and China’s retaliatory measures fueled fears of a deepening trade war that threatens to plunge the global economy into recession. The downturn erased trillions in market value, reminiscent of the pandemic-induced crash of 2020, with losses across both developed and emerging markets.