Even Scott Jennings isn’t sure about Donald Trump’s sweeping new tariffs. On Thursday, the resident Republican on CNN’s “Newsnight” show admitted of the president’s move that has hit stock markets and prompted fears of a worldwide recession: “I have mixed feelings about this,

New U.S. tariffs announced by President Donald Trump may delay, but likely won't derail, the Bank of Japan's plan to raise interest rates further as policymakers seek to avoid renewed yen falls that would worsen inflationary pressures.

The latest on global markets after Thursday's downturn, as investors digest President Trump’s tariff plans. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

Asian markets, including Vietnam and Thailand, face steep tariffs, risking recessions. Trump said he is open to cutting deals if the US gets "something that's so phenomenal" in return. Markets are extending losses on Friday as investors continue to be wary of new US import tariffs.

Global stocks slid for a second day on Friday after U.S. President Donald Trump's sweeping tariff plans wiped $2.4 trillion off Wall Street equities, sending investors running for cover in government bonds as recession fears gripped markets.

The Texas Senator said he is "not a fan of jacking up taxes on American consumers" and hopes the tariffs are "short-lived."

For now, the only (unwilling) subjects of Trump’s “liberation” were investors, who parted with the oppressive weight of their stock returns.

Sweeping new U.S. import tariffs threaten to further erode demand for global petrochemical producers and accelerate capacity cuts in an industry plagued by weak margins, industry officials and analysts said.

Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy this year.