Front Burner

Trump's global market meltdown, explained

Markets around the world have been in freefall since U.S. President Trump unleashed massive global tariffs. Are we headed towards a recession?
A man is shown speaking at a podium wearing a suite and tie, the image put next to an electronic stock market board.
Behind a television monitor showing U.S. President Donald Trump, the display board with the Dax curve shows falling share prices, in Frankfurt, Germany, Thursday April 3, 2025, after the tariff package announced by U.S. President Trump has pushed share prices sharply into negative territory. (Arne Dedert/dpa/The Associated Press)

U.S. President Trump's latest and most severe tariffs have caused a bloodbath on the global markets and widespread economic anxiety.

JP Morgan's chief economist raised the odds of a global recession by the end of the year to 60 per cent, up from 40 per cent.

People are looking at their jobs being eliminated in places like auto plants, and elsewhere in the manufacturing sector. 

Journalist Joe Weisenthal is the co-host of Bloomberg's Odd Lots podcast. He's here to explain the global market meltdown, and what we can expect in the coming days.

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