# @cgtneurope on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DIJXQIbNP3F
- **Gondola URL:** https://gondola.cc/posts/29100833-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/3cba1c48d2.jpg
- **Posted:** 2025-04-07T13:02:13.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

Analysts are calling it Panic Monday or Black Monday.⁣
Global markets plunged and fears of recession rose following sweeping tariffs by U.S. President Donald Trump as Europe calibrated its response to the escalating trade war.⁣
European equities were deep in the red, but Asia fared worse, with Hong Kong's Hang Seng index crashing 13.2% – its biggest drop since the 1997 Asian financial crisis – and Tokyo's Nikkei 225 falling 7.8%. Germany’s share index (Dax) fell 10 percent, while London’s FTSE 100 index dropped 6%.⁣
A 10% percent ‘baseline’ tariff on imports from around the world took effect on Saturday but many countries will be hit with specific extra charges from Wednesday, with levies of 34% for Chinese goods and 20% for EU products.⁣
⁣
#Mumbai⁣
#India⁣
#DAX⁣
#Germany⁣
#Hangzhou⁣
#China⁣
#Tokyo⁣
#Nikkei⁣
#Seoul⁣
#Dubai⁣
#HangSeng⁣
#HongKong⁣
#tariffs⁣
#trump⁣
⁣
⁣
📷Francis Mascarenhas/Reuters⁣
📷Arne Dedert/picture-alliance/dpa/AP⁣
📷CFP⁣
📷EPA-EFE/FRANCK ROBICHON⁣
📷Yonhap/Reuters⁣
📷Fatima Shbair/AP⁣
📷Tyrone Siu/Reuters⁣
⁣

## Stats

- **Views:** 0
- **Likes:** 65
- **Shares:** 0
- **Comments:** 2

## Tags

hangzhou, china, tokyo, seoul, nikkei, hangseng, tariffs, dubai, trump, germany, mumbai, india, hongkong, dax

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