Stocks slide around the world as investors recoil from Trump tariffs

Hakeem Jeffrieshouse Democratic leader

The stock market is collapsing, and what that means is the retirement savings of everyday Americans are disappearing by the hour. And this is all because of Trump's reckless mismanagement of the economy and now, these tariffs that are being imposed are going to raise the cost of goods for everyday Americans by some estimates, by thousands of dollars per year."

House Democratic leader Hakeem Jeffries told MeidasTouch after Trump’s announcement

Andrew Brennermember of the State Senate of Ohio

Trump is going to war with countries on this,

Andrew Brenner, head of international fixed income at National Alliance Securities, told the New York Times

We are now preparing for further countermeasures, to protect our interests and our businesses if negotiations fail.”

European Commission President Ursula von der Leyen called Trump’s decision a “major blow” to the global economy, adding Thursday

This decision, which is so unprincipled, so abrupt, so profound in its impact, calls into question what kind of partner the U.S. will be,

said Susannah Patton, the director of the Southeast Asia Program at the Lowy Institute, an Australian think tank

Anthony Albaneseaustralian Prime Minister

The administration’s tariffs have no basis in logic, and they go against the basis of our two nations’ partnership,

said Australian Prime Minister Anthony Albanese, whose country got off relatively lightly with a 10 percent blanket duty

I know that many of you feel let down by our oldest ally.”

Speaking to “my fellow Europeans,” ... she said

There seems to be no order in the disorder. No clear path through the complexity and chaos,

she said in a statement describing the tariffs as a “major blow.”

It is not too late to address concern through negotiations,

she added

This is a game changer, not only for the U.S. economy but for the global economy,

he said

The US has been showing signs of weakness recently and there is nothing in what is going on now that will help it in the short and medium term,

Premier Miton CIO Neil Birrell said

There's a nervousness that everybody loses in terms of growth and the U.S. is one of the bigger losers,

said Societe Generale's chief currency strategist Kit Juckes

We don't know where those tariffs are going to end up, but it's negative for global growth,

Columbia Threadneedle Investments CIO William Davies said

I'm relatively positive on China but you have to believe in policy starting to take effect and the property market stabilising,

Sacks said

Stocks are sliding in all markets as the world responds to Trump's worse-than-expected (and absurd) trade war,

equity analyst Adam Crisafulli, head of Vital Knowledge, told investors in a research note

The Trump administration adopted a shock-therapy approach to tariffs, imposing very high tariffs on all its major trading partners

analysts with Societe Generale said in a report on Thursday

These tariffs are undoubtedly worse than some of the worst-case scenarios envisioned earlier, both at the aggregate and economy-by-economy levels. This set of tariffs, if they persist, would very likely tip global trade into recession."

They added