The global financial landscape is currently experiencing severe turmoil as stock markets across Asia and Europe have sharply fallen, driven by the fallout from new tariffs imposed by the Trump administration. Investors are grappling with a historic sell-off, with U.S. stocks witnessing their largest two-day loss on record. Asian markets have plunged as sentiments sour over rising trade tensions, while European stocks opened down significantly. Financial experts deem this situation a self-inflicted debacle, warning that the impacts of these tariffs could lead to a prolonged market slump. Despite attempts from institutional investors to limit their losses, the ripple effects of the tariff announcements continue to unsettle the markets, causing fears of further economic degradation as countries respond with their own retaliatory measures.