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Donald Trump’s attempt to raise the international trading order has spent huge definitions of 5.4 trillion of American stocks within two days, as China has returned with its own male and deepens the recession fears in the global economy.

The S& P 500 index fell 6 percent on Friday, after a decrease of 4.8 percent the day before, as it received $ 5.38 trillion of market value, following the announcement of the “Liberation Day” of the US President on Wednesday, according to the Financial Times accounts based on the facts of the facts.

The decrease in the blue chip index was 9.1 percent for this week, the largest since the beginning of the epidemic five years ago.

Technology SharesIncluding the giant like Apple and Amazon, retreated, prompting the Nasdaq compound down more than 20 percent of its peak in mid -December, where the scale was transferred to the “Market Market” area. Through the Atlantic Ocean, Stoxx 600 in Europe threw 8.4 percent a week, while FTSE 100 in the UK fell by 7 percent. The Asia MSCI index fell 4.5 percent.

The disturbances emphasize how Trump plans Not a 10 percent global tariff and hit many countries with greater “mutual” duties within days, rocked the investor confidence and raised concerns about the slowdown in the largest economy in the world.

China, the world’s largest source, is added to the feeling of depression on Friday when it is Its duties have been announced 34 percent On all American imports.

“If mutual definitions are not followed by April 9, which I do not think will be, you will likely look at recession in the United States and the European Union,” said Ajay Rajadahaksha, the global head of research in Barclays. “Unless there is a very fast end to this world trade war, we believe that we are getting an American recession this year.”

On Friday, the Federal Reserve Chairman, Jay Powell, warned that Trump’s tariff would cause “higher enlargement and slower growth.”

“It has now become clear that the increases in customs tariffs will be much greater than expected. It is possible that it is true in economic effects,” Powell said.

Before Powell’s speech, Trump called on the President of the Federal Reserve to reduce borrowing costs, saying on his social media platform that “this will be a perfect time” to reduce interest rates.

He also said that China “was panicked – the only thing they could not do,” referring to Beijing’s plan to avenge the American tariff with very slope duties.

But the comments from the US President did not do much to calm stock markets, amid wider fears of further deterioration in the economic view.

On Friday, Jpmorgan reduced its expectations for the American economy, saying that it now expects production to decrease by 0.3 percent in 2025, on the basis of the fourth quarter, compared to its previous estimate to expand 1.3 percent.

“The recession in economic activity is expected to pay the unemployment rate to 5.3 percent,” Wall Street added.

Citigroup similarly reduced the goal of US growth to 0.1 percent of 0.6 percent before.

City said: “The uncertainty surrounding American economic expectations is at its highest point since Kovid’s turmoil. The modern advanced economy has not increased the definitions at all significantly or rapidly,” City said.

The landfill was a sharp contradiction with the strong recruitment report for March, which was issued on Friday morning, which showed that the United States added more functions than expected and the unemployment rate of 4.2 percent.

In a sign of deepening anxiety across the markets, investors fled companies in the United States and other risky assets while they were rushing to shelter in sanctuaries such as treasury bonds.

The sale has gained momentum as banks hit the hedge of the hedge He demands the collection of additional funds Due to the governor’s launch through market turmoil, Fintech Company Klarna has froze primary public offers plans.

The VIX index, a scale of expected volatility in American stocks, has often rose in Wall Street, 15.1 points to 45.1, the highest level since 2020.

The fence extended to the commodity markets, where Brent international slipped in Brent on Friday by 6.5 percent to settle at $ 65.58 a barrel, which is its lowest point in three years. The American oil brand WTI decreased by 7.4 percent a day to settle at $ 61.99 a barrel, less than the price that many rock producers need to break.

The price of copper, which is often considered an agent to see merchants for global industry health, has decreased around 9 percent on the UK evening.

The US Treasury Bonds were the main beneficiaries of the sales in stocks, as the treasury revenue decreased for 10 years-a close correlation rate with growth expectations-decreases to 3.86 percent, which is its lowest level since Trump’s election.

Additional reports by Jimmy Smith in New York