Asian markets plunge as Trump's sweeping tariffs rock the world

Taxpayers have been ripped off for more than 50 years,

he said

There is no winner in a trade war, and there is no way out for protectionism,

its commerce ministry said

The consequences will be dire for millions of people around the globe,

von der Leyen said

James Stewartco-star

The company said there are multiple factors at play, with the primary driver behind the final decision being this afternoon’s announcement from U.S. President Donald Trump of the U.S. tariffs,

Stewart said

Tom Emmerhouse Majority Whip

How about we give this guy some grace while he tried to actually do what he’s been campaigning on for years and his mission to protect American companies and workers?”

Emmer said

These tariffs do present challenges, but India’s position remains comparatively favorable,

said S.C Ralhan, president of the Federation of Indian Exports Organisations

And this is hurting, in particular, the most vulnerable citizens.”

she said

US consumers may cut back on spending due to pricier imports, and businesses might delay capital expenditures amid uncertainty about the tariffs' full impact and potential retaliation from trade partners,

he wrote in a note

President Trump walked into the Rose Garden and detonated the most aggressive trade shock the market’s seen in decades. This isn’t a jab -- it's a full-on haymaker,

Innes commented

Trump carpet-bombed the global supply chain,

he added

The United States charges other countries only a 2.4 per cent tariff on motorcycles. Meanwhile, Thailand and others are charging much higher rates, like 60 per cent. India charges 70 per cent, Vietnam charges 75 per cent, and others charge even higher rates,

he said yesterday

Many trading partners have expressed strong dissatisfaction and clear opposition,

the ministry said in a statement this morning

They charge us 52 per cent. You have to understand, we charge them almost nothing for years and years and decades, and it was only seven years ago, when I came in, that we started with China',

he added

The tariffs are so comprehensive and so much larger than we expected,

said Jeanette Gerratty, chief economist at wealth advisory Robertson Stephens in the US tech heartland of Menlo Park, California

The tariff rates unveiled this morning far exceed baseline expectations, and if they aren’t negotiated down promptly, expectations for a recession in the U.S. will rise dramatically,

IG market analyst Tony Sycamore said

The tariffs announced today lead to significant risk to global trade,

said Zhiwei Zhang, chief economist at Pinpoint Asset Management in Hong Kong

This was the worst-case scenario that the market was expecting,

Jay Hatfield, CEO of Infrastructure Capital Advisors, told Reuters

While the tariff measures announced were more severe than expected, the question over how long these tariffs will remain in place is more open-ended due to Trump’s inclination to be a deal maker,

said Tim Waterer, chief market analyst at KCM Trade in Sydney

This may create enough of a selloff over the next day or so that it creates a buying opportunity,

Chiavarone said

As long as you don’t retaliate this is the high end of the number,

Bessent told Bloomberg Television