Markets in Asia and Europe fall following U.S. announcement of global tariffs

U.S. President Donald Trump is seen on a screen as a currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 3, 2025.

Shares tumbled in Europe and Asia and U.S. futures tumbled Thursday following U.S. President Donald Trump 's announcement of big increases in tariffs on imports of goods from around the world.

(Image credit: Ahn Young-joon)