ICYMI: Why Global Markets Are In Flux

NPR

Published April 9, 2025 at 9:42 AM EDT

U.S. President Donald Trump holds up a chart while speaking during a "Make America Wealthy Again" trade announcement event in the Rose Garden at the White House in Washington, DC.

President Donald Trump's escalating trade war sent markets lurching between hope and panic yesterday.

But overall, stocks have been tumbling since last Wednesday. That's when President Trump announced a universal 10 percent tariff on all goods coming into the U.S. He also announced additional import taxes on 185 countries. Those tariffs are set to kick in Wednesday.

In response, the global economy is in a tailspin. What's going on?

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