Trump tariffs updates: Global markets rebound, recession concerns linger

Global market reactions
World markets rebound after 3 days of steep losses, though investor sentiment remains cautious.

China–U.S. trade tensions

China accuses U.S. of "pressure, threats, and blackmail" over proposed new tariffs.

Chinese Foreign Ministry: "Tariff wars have no winners... Chinese people don't make trouble, but are not afraid of it."

Malaysia responds
Malaysia to send delegation to Washington for tariff talks.

Corporate impact: Apple
Apple loses $638 billion in market value over 3 trading days.

Recession warnings
Goldman Sachs raises U.S. recession risk to 45%; JPMorgan estimates 60%.

Inflation may reach 4.4% by end of 2025.

Trump's tariff stance
Trump rules out tariff pause, but open to talks with economies.

Asian market update

Tokyo, Hong Kong, Shanghai markets rebound; Hong Kong recovers part of 13% loss.

Taipei and Singapore see continued selling.

Vietnam’s market plunges 5% due to newly announced 46% U.S. tariffs.

Jakarta suspends trading after 9% drop.

More China–U.S. escalation
China vows to "fight to the end" after Trump threatens 50% more tariffs on Chinese goods.

U.S. warns of 104% total tariff if China doesn’t back down by April 8.