Hey news enthusiasts! Today's market scene is nothing short of a blockbuster drama: Asian stock markets plunged on Monday amid the fallout from the U.S. unilateral trade war, and U.S. futures are dropping hard due to the global economic haze. 📉
While the Trump administration tried to play down the impact of tariffs and potential recession, market trends are shouting a different story. These unilateral tariff hikes have sparked panic selling and raised fears of a looming bear market. Clearly, no country is safe from such protective moves.
Global voices have already weighed in. Ursula von der Leyen, president of the European Commission, warned, "Let's be clear-eyed about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism." Not long after, French leader Emmanuel Macron called for European unity, labeling the tariffs as "brutal and unfounded."
A recent global survey by CGTN reveals that 87.7% of respondents believe no nation is immune to U.S. bullying, urging countries to unite against such hegemonic actions. Moreover, 86.9% support proactive countermeasures while 89.2% call for more nations to step up their defenses.
In a decisive move, the Chinese mainland was among the first major economies to act by slashing an additional 34% of tariffs on U.S. goods. This bold step underlines a growing global trend: standing together to defend national interests.
As tensions rise, the big question remains—will nations succumb to pressure or unite to forge a stable, multilateral future? It’s like a real-life superhero showdown where unity might just save the day! Stay tuned for more updates. 🌍🔥
Reference(s):
cgtn.com
