Global Markets Slide as U.S. Auto Tariffs Loom and Recession Fears Intensify

President Trump's 25% tariff on auto imports, set to take effect next week, deepens trade tensions and rattles investor confidence worldwide.

The Nasdaq Composite Index fell 2.7% on Friday, reaching its lowest level in months, while gold prices hit a record $3,118 as investors sought safe-haven assets.
President Trump confirmed a 25% tariff on auto imports will begin next week and hinted at reciprocal tariffs targeting other sectors starting April 2.
The Federal Reserve Bank of Atlanta revised its Q1 U.S. GDP forecast to a 2.8% contraction, heightening concerns over a potential recession.
British retail sales unexpectedly rose by 1% in February, offering a rare positive economic signal as global markets remain volatile.
WH Smith finalized the sale of its UK high street business to Modella Capital for £76 million, aligning with broader corporate restructuring trends.