<h1>Trump's Proposed Tariff Increases Trigger Global Market Selloff as Investors Fear Economic Consequences</h1> Global markets tumbled after Trump announced significant tariff increases on imports worldwide. The S&P 500 futures dropped 3.1% and Dow futures fell 2.6%. Asian markets were hit hard, with Japan's Nikkei falling 2.8% as automakers and banks suffered major losses. The tariffs include a 10% baseline tax on all imports, with higher rates for countries having trade surpluses with the US: 34% for China, 20% for the EU, and 32% for Taiwan. South Korea faces a 25% tariff, while Thailand was assigned 36%. Economists warn these measures increase recession risks and could worsen inflation while slowing global economic growth.