'Asia Stocks Plummet as Markets Demand Swift US Rate Cuts'

By Wayne Cole
Reuters

Asian Markets Plunge as Trump Administration Stands Firm on Tariff Plans
Asian stock markets tumbled Monday as the White House maintained its position on sweeping tariff plans, fueling recession fears and expectations of early U.S. interest rate cuts.
Market Response

Major Asian stock indexes dropped sharply
Futures markets now pricing in nearly five quarter-point U.S. rate cuts this year
Treasury yields fell significantly
Dollar weakened amid changing rate expectations

Administration Stance

President Trump refused to back down on tariff plans despite market reaction
Trump stated investors would "have to take their medicine"
President indicated no China deal until U.S. trade deficit issues resolved
Beijing suggested markets had already factored in their retaliatory measures

Analyst Perspective

Markets looking to Trump for potential policy shift
Experts note the President has maintained his trade stance "for decades"

#stockmarket #marketcrash #tariffs #tradewar #trumptariffs #china #recession #federalreserve #ratecuts #globalmarkets #economicuncertainty