Asian stock markets tumbled on Monday as investors reacted to the latest move from former U.S. President Donald Trump, who introduced sweeping global tariffs last week.

Elon Musk, known for his out-of-the-box thinking, seems to be deeply involved in the U.S. administration’s latest wave of tariffs, a move that has shaken global markets and raised eyebrows across the world.

The global economic landscape is continuously shifting, and one of the latest disruptions comes from former U.S. President Donald Trump’s imposition of tariffs, including a 10% baseline tariff effective from April 9.

Rising fears of a U.S. recession are gaining traction as the economic impact of President Trump’s trade tariffs becomes more apparent.

On Saturday, hundreds of protesters in major European cities demonstrated against U.S. President Donald Trump and his adviser Elon Musk, following a turbulent week for financial markets after Trump unveiled sweeping global tariffs.

Berkshire Hathaway chair Warren Buffett found himself at the center of a political controversy after a video shared by US President Donald Trump on Truth Social claimed that Buffett supported Trump’s recent tariff policies.

US customs officials began enforcing a sweeping 10% tariff on Saturday, marking a significant shift in American trade policy following President Donald Trump’s recent executive action.

Under the weight of global tariffs imposed by the U.S. government, the financial markets continue to exhibit signs of distress.

JPMorgan’s economics team has increased its recession probability to 60% following U.S. President Donald Trump’s announcement of an aggressive tariff policy.

The U.S. Bureau of Labor Statistics reported that nonfarm payroll employment increased by 228,000 in March, with the unemployment rate remaining relatively unchanged at 4.2%.