As Trump's global tariffs reach global – countries, stock markets spread around the world – countries

World stocks fell on Wednesday after U.S. President Donald Trump's latest tariff rate hikes took effect, and he threatened to add more.

Uncertainty is high for what Trump will do next in the trade war. In a speech Tuesday night, he said plans to tariffs on drugs to produce more drugs in the United States

The European market expanded its losses. Germany's Dax fell 2.5% to 19,762.13. In Paris, CAC 40 fell 2.6% to 6,917.13. The UK's FTSE 100 gave up 2.6% to 7,704.82.

While Trump's latest tariffs include a 104% tax on U.S. imports of Chinese products, the Chinese market reversed its early losses and gained the basis on Wednesday.

Large state-owned investment funds and other state companies are often instructed to support the market during times of crisis to help raise stock prices. Investors also expect government spending and other measures to help cope with the impact of tariffs, which will hit small manufacturers and businessmen who create the most jobs.

Beijing issued a policy document on Wednesday reaffirming China's right to protect its business with unspecified countermeasures, while stressing that it prefers to resolve trade issues through dialogue.

The paper also believes that economic exchanges between the two countries are “roughly balanced,” considering the service trade and the operations of US companies in China.

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Hong Kong's Hong Kong grew 0.7%, while Shanghai's comprehensive index rose 1.3%.

Thailand's benchmark has also been raised, apparently due to speculation that Beijing may be preparing to hold talks with the Trump administration. Unconfirmed rumors have allowed the S&P 500 to grow the future by 0.3%, while the Dow Jones has not changed.

Elsewhere, the market is still frustrating. Japan's Nikkei 225 fell 3.9% to 31,714.03, Prime Minister Shigeru Ishiba convened a meeting of top finance ministers to reaffirm his appeal to do everything they can to mitigate the damage to Japanese automakers and other manufacturers.

Taiwan leads Asia's losses as its Taiex falls 5.8%. The large technology industry is one of the largest sellers. Computer chip giant TSMC Corp. fell 3.8%, while the iPhone Maker Hai Precision industry fell 10%.

In India, Sensex fell 0.5% as central banks lowered benchmark interest rates while Bangkok's suits fell 0.8%.

South Korea's Kospi lost 1.7% to 2,293.70, and the government said it would help the tortured automakers. Australia's S&P/ASX 200 fell 1.8% to 7,375.00. New Zealand stocks also fell.

The S&P 500 fell 1.6% Tuesday after eliminating early earnings of 4.1%. This has lowered it by nearly 19% from February's record. The Dow Jones industrial average fell 0.8%, while the Nasdaq composite average fell 2.1%.

Stocks gathered globally on Tuesday, with an index growing by 6% in Tokyo, 2.5% in Paris and 1.6% in Shanghai. As higher tariffs become realistic, any optimism or enthusiasm for buying seems to disappear.

Analysts say there will be more up and down swings in the market given the uncertainty of Trump’s serious tariffs on imports, which will raise prices for U.S. shoppers and slow the economy. If they persevere, economists and investors expect them to cause recession. If Trump lowers them relatively quickly through negotiations, the worst case can be avoided.

Hopefully, negotiations can still be continued on Wall Street, which will help drive the morning rally. Trump said on Tuesday that dialogue with South Korea's acting president helped them achieve “restrictions and possibilities for both countries” .

Trump's trade war is an attack on globalization that shapes the world economy and helps lower prices of products on store shelves, but also causes manufacturing jobs to leave other countries. Trump said he wanted to narrow the trade deficit, which measures how big the U.S. imports from other countries, rather than sending it to them as exports.

In other trading earlier Wednesday, U.S. benchmark crude fell $2.43 to $57.15 a barrel. The international standard Brent Intrude costs $2.47 to $60.35 a barrel.

The US dollar fell from 146.29 yen to 145.22 yen. The euro rose from $1.0995 to $1.1036.

The price of gold rose by $72 to $3,062.

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