US stock markets rebounded on Tuesday, ending a streak of steep falls sparked by President Trump’s announcement of global trading tariffs. The Dow Jones Industrial average surged 1,200 points, or 3%, while the S&P 500 and Nasdaq also rose more than 3%. Despite the recovery, uncertainty remains as trillions of dollars in investor wealth were wiped out over the past few days.
Markets in Hong Kong, Shanghai, and Tokyo also posted gains, but investors are still reeling from significant losses. The price of gold has soared to above $3,000 an ounce, with analysts likening the current uncertainty to that of the late 1970s and 1980s. Analysts warn that even the dollar, a traditional safe-haven asset, may weaken against other global currencies.
Countries are reacting to Trump’s tariffs, with China announcing it will fight any further US sanctions. However, some countries, like South Korea, have expressed willingness to negotiate. The ongoing trade tensions and uncertainty have left investors seeking safer assets, driving up gold prices and raising concerns about the dollar’s value.
Source: https://www.npr.org/2025/04/08/nx-s1-5355624/world-markets-international-trump-tariffs