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Japan's Nikkei tracks Wall Street lower on global recession fears

  • A bipartisan group of senators introduced a bill requiring the president to submit new tariff policies for congressional approval, amid rising recession fears linked to President Trump's tariff policy announcement.
  • China announced a 34% tariff on U.S. Goods in response to Trump's proposed tariffs, raising recession risks as J.P. Morgan increased the likelihood of a recession this year to 60%.
  • The Standard and Poor's 500 and the Dow Composite dropped over 4.5%, losing $5 trillion in value in just 48 hours, marking the largest loss on record.
  • Senators Charles Grassley and Maria Cantwell are part of the bipartisan effort to address tariff controls in Congress.
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Market Screener broke the news in on Friday, April 4, 2025.
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