Morning Bid: Trump’s tariffs raise recession red flags By Reuters

Market Reactions to U.S. Trade Policies: Wall Street futures experienced a steep decline due to concerns over President Trump's trade tariffs potentially leading to a recession, with 91% of economists indicating increased odds of a downturn under his policies.

Mixed Global Market Performance: While Asian markets showed initial pessimism, many rebounded slightly; Japan's Nikkei and Taiwan's benchmark improved, whereas China's markets faced declines amid ongoing deflationary pressures, contrasting with positive sentiment in Europe driven by expectations of looser fiscal policies from Germany.