Global News Podcast Global stock markets plunge amid Trump tariff turmoil
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Apr 7, 2025 
Peter Ruddock, a seasoned business reporter, breaks down the recent plunge in Asian and European stock markets due to U.S. tariffs. He delves into the anxieties surrounding a potential global recession and the varied responses by governments to economic instability. The conversation also touches on pressing humanitarian issues, including allegations of torture of Palestinian prisoners, linking financial crises to broader human rights concerns. This insightful discussion highlights the intertwining of politics, economy, and humanitarian matters in today's world.
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Global Stock Market Turmoil
- Global stock markets, including European and Asian exchanges, are experiencing significant declines.
- This market turmoil comes as investors react to US President Donald Trump's trade tariffs and growing recession fears.
Market Repricing and Recession Fears
- Financial markets are reassessing the global economy, anticipating a US recession and a potential global downturn.
- These tariff threats are not temporary and require significant trade deals for reduction, impacting global markets.
Asian Market Sell-Off
- Asian markets suffered one of the biggest continuous sell-offs in 20 years, comparable to the pandemic and global financial crisis.
- These tariffs could potentially push the world economy into a recession, triggering the sell-off.