President Trump has initiated a new tariff regime imposing a blanket 10% duty on all U.S. imports. Certain countries face targeted rates reaching up to 49%. This dramatic action has ignited fears of a full-blown global trade war. As a result, markets across the globe are feeling the impact. U.S. equities have taken significant losses, while export-heavy international indices are also struggling. Investors are anxious as the implications of these new tariffs unfold.