Bloomberg News

As President Trump’s trade war rattles global markets, Bloomberg Television goes beyond the headlines. Join us for insights from top economists, market strategists and policymakers. WATCH LIVE: https://t.co/Vdfrpp0X9O

Trump tariffs kicked in today and are sending another jolt of volatility through markets. For everyone watching on, this kind of turbulence isn't likely to stop any time soon. Stocks are going to keep swooning, bond markets will churn, and whatever you see at the start of the day may not be what you see at the end. Download an app with some breathing exercises. You'll get through it. If you are glued, train your eyes on bond markets and, if you don't already, watch what's happening in credit too. Pain in credit tends to be the canary in the coal mine for pain elsewhere. We're navigating all of that again on Markets Today https://lnkd.in/e2Ay8w7s

Ray Dalio says investors are too fixated on tariffs and not paying enough attention to the bigger “once in a lifetime” breakdown that’s occurring.

LATEST: Trump's tariffs, now in effect, are intensifying the global trade war. Follow the latest news and analysis on how the new duties are impacting markets and economies ⤵️

President Donald Trump’s so-called reciprocal tariffs are now in place, dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade. Trump is imposing tariffs on China as high as 104% along with import taxes on roughly 60 trading partners that run trade surpluses with the US.

LATEST: Stocks swing in Asia as the deadline for Trump's big tariff hike nears. Follow our live blog for the latest news and analysis ⤵️

Chinese online marketplaces like Temu and Shein had used the de-minimis loophole to enter the US duty free so far. The escalating trade war between the US and China saw Trump raise tariffs even further on small parcels that were until now exempt from taxes.

LATEST: Stocks swing in Asia as the deadline for Trump's big tariff hike nears. Follow our live blog for the latest news and analysis ⤵️

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

🎙 Donald Trump shocked the world -- and global markets -- with tariffs that exceeded expectations last week. But there was one region that was hit harder than most: Asia. Find out why and what that means for the region on the Big Take Asia Podcast. ⤵