Global stock markets witnessed a significant downturn as investors braced themselves for President Trump’s forthcoming tariff declaration, raising apprehensions of an impending trade conflict. Termed as “Liberation Day,” the announcement is anticipated to have far-reaching repercussions on both allies and adversaries. Stock indices in Europe and the US experienced notable declines, particularly in Frankfurt, reflecting the prevailing unease among investors. The primary apprehensions revolve around the possibility of new auto tariffs and their potential economic ramifications. The market sentiment remains cautious as stakeholders eagerly await further details on the proposed tariffs and their implications.