Global markets are currently in turmoil after President Trump announced extensive tariffs and China retaliated with 34% duties on US imports. This has led to a significant drop in Asian stock markets, causing concerns similar to the 2008 financial crisis. Analysts are predicting a staggering $9 trillion loss in market value over a span of two days. The impact of these tariffs and trade tensions is being felt worldwide, with investors and businesses closely monitoring the situation for further developments. The uncertainty in the markets is causing volatility and could potentially lead to more economic challenges if the situation escalates. Stay updated with the latest news on this developing story to understand the full implications of these trade disputes.