Markets plunge in wake of Trump’s new tariffs and fears of global trade war

U.S. markets plunged in the wake of President Trump's announcement of new tariffs. Many stocks had their worst single day since the start of the pandemic in 2020. Leaders around the world denounced the tariffs and experts warned the president's action could risk more inflation, stall growth and even trigger a recession. Lisa Desjardins reports and Geoff Bennett discusses more with Ron Insana. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Taiwan has long been the most tense flashpoint between Washington and Beijing. By law, the U.S. is required to help Taiwan defend its democracy. This week, China’s People’s Liberation Army launched new drills and sent ships around Taiwan. The U.S. said the moves “put the region’s security, and the world’s prosperity, at risk.” Nick Schifrin reports for our series: Taiwan: Risk and Resistance. PBS News is supported by - https://www.pbs.org/newshour/about/funders

In our news wrap Wednesday, the death toll from the earthquake in Myanmar surpassed 3,000 as relief efforts are hampered by the country's civil war, Israel says it will establish a new security corridor across Gaza, Denmark's prime minister spoke out against President Trump's ambition to take control of Greenland and a federal judge dismissed corruption charges against New York Mayor Eric Adams. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Recovery efforts from the earthquake in Myanmar are slow-moving. The country is grappling with the natural disaster plus an ongoing humanitarian crisis amid the civil war since 2021. The death toll has now risen past 2,700, with more than 4,500 people injured and at least 440 still missing. Stephanie Sy reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders

As the U.S. sees new tariffs, we look at how they can make or break an economy. In Haiti, U.S. policies forced the government to bring down tariffs on foreign goods, allowing American farmers to export crops cheaply. That made it expensive for Haitians to eat food grown domestically, leading to dependence on foreign aid. Special correspondent Marcia Biggs and videographer Eric O'Connor report. PBS News is supported by - https://www.pbs.org/newshour/about/funders

The true impact of the massive earthquake in Myanmar is starting to reveal itself. The military government says the official death toll is more than 2,000 people and hundreds are still missing. Thousands more are injured and homeless. Nick Schifrin reports on the latest and talks with Chris Milligan, a former USAID mission director to Myanmar. PBS News is supported by - https://www.pbs.org/newshour/about/funders

In our news wrap Monday, a court in France found far-right politician Marine Le Pen guilty of embezzlement and barred her from running for office for the next five years, the Israeli military ordered sweeping evacuations in the southern Gaza city of Rafah and three U.S. have been found dead in Lithuania after four went missing during a training exercise. PBS News is supported by - https://www.pbs.org/newshour/about/funders

A new 5.1 magnitude aftershock rattled survivors of Friday’s devastating earthquake as rescuers worked frantically to pull survivors from the rubble in Myanmar’s second-largest city. In neighboring Thailand, more bodies were pulled from a collapsed building in Bangkok. Lisa Desjardins speaks with Jeremy Stoner of Save the Children about the effects of the quake in Thailand and Myanmar. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Earlier this month, two men were convicted in a plot to kill Masih Alinejad, an Iranian American journalist and women’s rights activist living in New York. Her attempted assassination was orchestrated by the Iranian government, part of more than a decade of violent plots targeting its critics abroad. Lisa Desjardins speaks with Alinejad about how she sees these times in the U.S. and Iran. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Myanmar’s ruling military government now says more than 1,600 people have died in a devastating earthquake as more bodies are being pulled from rubble. The epicenter of the 7.7 magnitude quake was near Mandalay, Myanmar’s second-largest city, and it rocked neighboring countries, including Thailand. Debi Edward of Independent Television News reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders