May 29, 2025 6:21 am
Full News

World Faces Recession Risk Amid Trump’s Aggressive Tariff Decision

Market volatility continues following U.S. President Donald Trump’s abrupt change in tariff policy. Although the new tariffs were revoked within 24 hours of being implemented, global leaders remain uncertain about how to navigate the fragile state of international trade.

Trump’s temporary 90-day suspension of tariffs offered brief relief to countries, but the tension quickly resurfaced. With the U.S. and China imposing escalating tariffs on one another, fears of a full-blown trade war have intensified.

U.S. Treasury Secretary Scott Bessent stated on Thursday that over 75 countries are interested in trade negotiations with the United States. Despite the disruption caused by tariffs, President Trump remains optimistic about reaching an agreement with China, the world’s second-largest economy.

However, the ongoing shifts in U.S. trade policy have fueled instability in global markets. Such volatility was last seen during the COVID-19 pandemic. On Thursday, the S&P 500 index dropped by 3.5%, down nearly 15% from its February peak.

The ripple effect of Wall Street’s slump was felt in Asian markets as well. Japan’s Nikkei index fell by 4%, although markets in Taiwan and Hong Kong showed signs of recovery. European markets opened the day with slightly positive momentum.

Meanwhile, the sale of government bonds surged before the suspension decision and rose even higher on Friday. Long-term U.S. interest rates may see the sharpest weekly increase since 1982. Gold, often seen as a safe-haven asset, hit a record high.

Adam Hetz, head of multi-asset division at investment firm Janus Henderson, warned that the risk of a recession cannot be ruled out. In fact, recession fears have grown significantly compared to a few weeks ago.

Still, Treasury Secretary Bessent expressed confidence that reaching deals with other countries could stabilize the markets.

Related News
Jaishankar Meets Rubio as Deportations of Indian Immigrants from the US Rise
Branded Across Borders: A Personal Reckoning and Financial Dissection of India-Bangladesh Treaties
7-Year-Old Boy Survives 5 Days in ‘Lion-Infested’ Zimbabwe National Park After Going Missing
Iran and US Conclude Second Round of Nuclear Negotiations
China Announces 84% Tariff on U.S. Goods in Response to Washington’s 104% Tariff
Elon Musk’s xAI Acquires X in $45 Billion Deal
Related Posts
Gazan Children Queue for Food as Starvation Crisis Deepens
Ukrainian Drones Strike Russian Weapons Factories, Kyiv Claims
People With ADHD Face Higher Driving Risks — But There Are Ways To Stay Safe
NYC Subway Modernization and Congestion Pricing Victory Highlight Latest MTA Board Meeting
Supporters of Khaleda Zia Rally in Dhaka, Demand General Election in December
China, North Korea, and Russia Respond to Trump’s ‘Golden Dome’ Defense Proposal
More News

India Unveils New Currency Swap Framework to Bolster SAARC Economic Ties and Stability

The Union Cabinet has approved the new Framework on Currency Swap Arrangement for SAARC Countries 2024-27 on June 19, 2024, replacing the previous arrangement that was in place from 2019-22. This strategic initiative aims to strengthen economic ties, enhance regional financial stability, and address short-term foreign exchange requirements within the SAARC region. The SAARC Currency […]

Egg Prices in the United States Hit All-Time High

Egg prices in the United States are skyrocketing, reaching an all-time high. A dozen eggs now sells for $6.23, which is approximately 760 Bangladeshi Taka. This information has emerged from a recent report published by the U.S. Bureau of Labor Statistics. According to the data, the average price of a dozen eggs in March was […]

522 Murders, 774 Rapes in Two Months, Broken law and order in Bangladesh

The law and order situation across Bangladesh Govt has significantly deteriorated. Protests and road blockades over various issues have become routine, causing immense suffering to the general public. The situation has reached a point where even incidents like attacks on court premises, leading to the murder of lawyers, are occurring. Crimes such as theft, robbery, […]

Saudi Arabia Bans Children from Accompanying Hajj Pilgrims

For the 2025 Hajj season, Saudi Arabia has imposed a ban on bringing children as companions for Hajj pilgrims. This restriction was announced in a statement issued by the country’s Ministry of Hajj and Umrah. The ministry’s statement mentioned, “The aim of this decision is to ensure the safety of children from all risks associated […]

Neymar Revels Reason Behind Six-month Contract with Santos

Neymar Jr. left PSG to join Saudi club Al-Hilal before the end of his term. The Brazilian star has since returned to his childhood club Santos. However, his contract with Santos is only six months. Neymar has a one-year optional contract with the Brazilian club. That is, if the situation is favorable and you can […]

Crocodile Tears and the Lust for Power: A Critical Look at Dr Muhammad Yunus

Dr Abul Hasnat Milton At the recent Bangladesh Investment Summit, a poignant moment captured national attention: Nobel Laureate Dr Muhammad Yunus broke into tears while recalling the 1974 famine in Bangladesh. The image of such a globally revered figure crying stirred both sympathy and suspicion. To some, it seemed like a rare show of emotion […]

Mufiti Hannan’s confession exposes Tarek Zia and BNP’s involvement in the 21st August Attack

Deepanwita Martin In a shocking confession made during a video interview, Mufti Hannan, the Chief of Harkat Ul Jihad Bangladesh (HUJ), a banned terrorist organization responsible for multiple attacks, revealed how the BNP-Jamaat government commissioned him and his group to eliminate Sheikh Hasina, the leader of the Awami League, in the 21st August 2004 grenade […]

Palestine Crisis: Trump Talks About a Two-State Solution

After previously calling for the evacuation of residents from Gaza, U.S. President Donald Trump has now spoken in a slightly different tone. He has expressed interest in discussing a two-state solution to resolve the Palestine crisis. Trump stated that he would soon discuss the two-state solution with Israeli Prime Minister Benjamin Netanyahu. On Monday, while […]

Bangladesh Judicial System and Police Cases: A Pain for Public

Dr. A. K. Abdul Momen The leading dailies of Bangladesh including the “Prothom-Alo” and the “Daily Star” reported (23 Nov, 2024)that one Kulsum Akhter (21) filed a case at the Chief Judicial Magistrate’s Court in Dhaka on October 24 accusing 130 people killing of her husband Mr. Mohammed Al Amin on 5 August, 2024 the […]

Trump’s Inauguration: Who Are Attending, What Are The Events, Why So Much Changes?

Donald Trump is taking power for the second term as the President of the United States. His swearing-in ceremony will be held on Monday (January 20). However, this traditional ceremony of taking the oath of the new or re-elected president in the country every four years will be different this time. Swearing-in process According to […]