U.S. financial markets responded with significant losses after President Donald Trump unveiled his tariff plans.

During an appearance on CNN the morning after Donald Trump announced sweeping international tariffs as part of his so-called "Liberation Day," White House spokesperson Karoline Leavitt scrambled to defend her boss' moves as CNN graphics showed a stock market collapse.

U.S. stock futures and the dollar tumbled after President Trump unveiled sweeping tariffs on trading partners that were higher than investors had expected.

Big investors reeling from the shock of U.S. President Donald Trump's hefty new tariffs are pulling out their global recession playbooks and rushing to diversify away from battered Wall Street stocks and the dollar.

US President Donald Trump announced reciprocal tariffs Wednesday, saying he would apply a minimum 10% levy on all exporters to the US. The Republican asserted that dozens of countries with the largest trade imbalances will face even higher rates.

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.

U.S. stocks nose-dived after Trump’s tariffs rollout. Wall Street tumbled to its worst day since the pandemic yesterday in response to President Trump’s major round of tariffs

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.