Global Markets Thrash Amid Trade Tensions and Political Meetings

Investors on Edge: US markets experienced a sharp decline for the third consecutive day on Monday, with the S&P 500 slipping into bear market territory. European and Asian stock markets followed suit in a downward spiral after President Donald Trump announced aggressive new tariffs last week. Hong Kong’s Hang Seng index plummeted dramatically, ending 13.2% down—a record drop not seen since 1997.

The Trade Conflict Intensifies: As stock markets worldwide faltered, President Trump this morning called for patience while upholding the strength of the US economy. With his administration sending mixed messages about whether the trade policies can be negotiated, the fear of a worldwide recession is escalating. Tech mogul Elon Musk, serving as an advisor to Trump, expressed his preference for a completely tariff-free scenario between the US and Europe, signaling a divergence from Trump’s stance.

Diplomatic Discussions Unfold: In other news, Israeli Prime Minister Netanyahu is scheduled to meet with Trump at the White House this afternoon. This visit marks Netanyahu’s second since January, and their discussions are expected to cover the newly proposed tariffs on Israel, ongoing conflict in Gaza, and other pivotal matters.