U.S. Imposes Sweeping Tariffs, Roiling Markets

In a bold move, U.S. President Donald Trump announced a 10% universal tariff on all imports, alongside targeted tariffs against major trade partners including China, the EU, and Japan. This announcement, made on April 3, triggered sharp declines in U.S. equities, a weaker dollar, and heightened volatility across global markets. All eyes are now on Federal Reserve Chair Jerome Powell, as investors anticipate potential monetary policy responses to ease market stress.