The equal tariff policy of U.S. President Trump has officially taken effect, and the global trade war is expected to escalate.

[U.S. President Trump’s reciprocal tariff policy has officially taken effect, and the global trade war is expected to intensify] Trump’s reciprocal tariffs on dozens of countries officially came into effect today, which is expected to deepen the risk of a global trade war, although he is ready to negotiate with some countries. Trump’s punitive tariffs have shaken the global trade order that has lasted for decades, sparked fears of a recession, and sent global stock markets tumbling. The S&P 500 has lost nearly $6 trillion in value since Trump announced the tariffs a week ago, the benchmark’s biggest four-day drop since its inception in the '50s. The index is now close to a bear market, i.e. down 20% from its recent highs. After a brief respite, the sell-off in Asian markets resumed on Wednesday, including the Nikkei, which fell more than 3% on the day, and South Korea’s KOSPI, which fell more than 1% intraday. ( gold ten )