John Authers, Columnist

There's No Sign That Markets Have Had Enough Yet

How bad was the Trump tariff quake? Let’s chart the ways.

April 7, 2025 at 5:00 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

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Photographer: Michael Nagle/Bloomberg

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Global markets underwent a seismic response to last Wednesday’s announcement of sweeping tariffs by the US. As we brace for inevitable aftershocks in the days ahead — and with Hong Kong stocks down 10% at the time of writing in New York — here are the main details of the earthquake to date, in chart form.