PHOTO COLLECTION: Trump Tariffs

President Donald Trump is seen on the television as traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

Export vehicles are parked at Daikoku Pier in Yokohama, near Tokyo, Tuesday, April 8, 2025. (AP Photo/Hiro Komae)

Tugboats assist a container ship as it prepares to dock at the Manila International Container Terminal at the Philippine capital on Tuesday, April 8, 2025. (AP Photo/Aaron Favila)

People walk past an electronic board displaying Shanghai shares trading index at a brokerage house, in Beijing, Tuesday, April 8, 2025. (AP Photo/Andy Wong)

Men walk past monitors showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Tuesday, April 8, 2025. (AP Photo/Hiro Komae)

Women are silhouetted, as they walk past a Nike signage on display outside the Nike store inside a shopping mall, in Beijing, Tuesday, April 8, 2025. (AP Photo/Andy Wong)

Export vehicles are parked at Daikoku Pier in Yokohama, near Tokyo, Tuesday, April 8, 2025. (AP Photo/Hiro Komae)

People pass by a screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Tuesday, April 8, 2025. (AP Photo/Ahn Young-joon)

Huge cranes loading containers on to ships at a port in Chennai, India, Tuesday, April 8, 2025. (AP Photo/R. Parthibhan)

People walk outside an Apple Store at an outdoor shopping mall in Beijing, Tuesday, April 8, 2025. (AP Photo/Andy Wong)

Trucks drive beside stacks of containers at the Manila International Container Terminal at the Philippine capital on Tuesday, April 8, 2025. (AP Photo/Aaron Favila)

Containers are seen in this aerial photo of The Port of New Orleans in New Orleans, Monday, April 7, 2025. (AP Photo/Gerald Herbert)

Containers and ships are seen in this aerial photo of The Port of New Orleans in New Orleans, Monday, April 7, 2025. (AP Photo/Gerald Herbert)

The container terminal at the Commercial Sea Port in the Pacific city of Vladivostok, east of Moscow, Russia, is seen on Monday, April 7, 2025. (AP Photo)

Containers are seen in this aerial photo of The Port of New Orleans in New Orleans, Monday, April 7, 2025. (AP Photo/Gerald Herbert)

Containers and ships are seen in this aerial photo of The Port of New Orleans in New Orleans, Monday, April 7, 2025. (AP Photo/Gerald Herbert)

A container ship approaches the port of Piraeus, near Athens, Greece, Monday, April 7, 2025. (AP Photo/Petros Giannakouris)

The container terminal at the Commercial Sea Port in the Pacific city of Vladivostok, east of Moscow, Russia, is seen on Monday, April 7, 2025. (AP Photo)

A man pulls a cart with goods at Eminonu commercial district, in Istanbul, Turkey, Monday, April 7, 2025. (AP Photo/Francisco Seco)

People buy pieces of gold in a gold business shop at the Grand Bazaar, in Istanbul, Turkey, Monday, April 7, 2025. (AP Photo/Francisco Seco)

Containers ship Hornise sails across the Bosphorus strait, on his way from China’s Jingtang port to Russia’s Novorossiysk port, in Istanbul, Turkey, Tuesday, April 8, 2025. (AP Photo/Francisco Seco)

People work in a wooden items workshop at Eminonu commercial district, in Istanbul, Turkey, Monday, April 7, 2025. (AP Photo/Francisco Seco)

Jonathan Mueller works on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

A Wall St. sign is displayed near the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

An electronic display shows financial information on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

An electronic display shows financial information on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

A woman waits for customers in her readymade garment shop in Mumbai, India, Monday, April. 7, 2025. (AP Photo/Rajanish Kakade)

People shop at a jewelry showroom in Hyderabad, India, Monday, April 7, 2025. (AP Photo/Mahesh Kumar A.)

Pedestrian are reflected on a brokerage house’s window as an electronic board displays shares trading index, in Beijing, Monday, April 7, 2025. (AP Photo/Andy Wong)

A goldsmith melts gold in a jewelry shop in Hyderabad, India, Monday, April. 7, 2025. (AP Photo/Mahesh Kumar A)

Motorist ride past a luggage brand showroom in Hyderabad, India, Monday, April 7, 2025. (AP Photo/Mahesh Kumar A.)

A price loss is shown on the display board showing the German DAX stock index in the trading hall of the Frankfurt Stock Exchange in Frankfurt, Germany, Monday, April 7, 2025. (Arne Dedert/dpa via AP)

A cargo ship approaches a port near Dubai, United Arab Emirates, Monday, April 7, 2025. (AP Photo/Altaf Qadri)

People watch a live screen on the facade of Bombay Stock Exchange (BSE) building in Mumbai, India, Monday, April 7, 2025. (AP Photo/Rajanish Kakade)

Employees of the Athens Stock Exchange stand under screens showing falling stocks in red, in Athens, Greece, Monday, April 7, 2025. (AP Photo/Petros Giannakouris)

An investor looks on indexes and benchmark 100 index at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Monday, April 7, 2025. (AP Photo/Fareed Khan)

Trucks with containers drive through a logistic-terminal in Leipzig, Germany, Monday, April 7, 2025. (Jan Woitas/dpa via AP)

A truck with a container leaves a logistic-terminal in Leipzig, Germany, Monday, April 7, 2025. (Jan Woitas/dpa via AP)

Employees in the trading room of Nordea Markets follow the stock market in Oslo, Norway, Monday, April 7, 2025. (Ole Berg-Rusten/NTB Scanpix via AP)

Emiratis are seen in the Dubai Financial Market in Dubai, United Arab Emirates, Monday, April 7, 2025. (AP Photos/Fatima Shbair)

An Emirati man is seen in the Dubai Financial Market in Dubai, United Arab Emirates, Monday, April 7, 2025. (AP Photos/Fatima Shbair)

A man watches a live screen outside Bombay Stock Exchange (BSE) building in Mumbai, India, Monday, April 7, 2025. (AP Photo/Rajanish Kakade)

A dejected investor waits to restart trading, suspended for an hour following a 5% drop in in its main index, at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Monday, April 7, 2025. (AP Photo/Fareed Khan)

An investor takes a picture with a cell phone of indexes and benchmark 100 index at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Monday, April 7, 2025. (AP Photo/Fareed Khan)

A woman walks by an electronic board displaying shares trading index at a brokerage house, in Beijing, Monday, April 7, 2025. (AP Photo/Andy Wong)

Pedestrians and office buildings are reflected on a brokerage house’s window as an electronic board displays shares trading index, in Beijing, Monday, April 7, 2025. (AP Photo/Andy Wong)

Shipping containers are stacked at Port Botany in Sydney, Australia, Monday, April 7, 2025. (AP Photo/Rick Rycroft)

A red light of a TV camera is seen in front of the display board with the DAX stock index in the trading hall of the Frankfurt Stock Exchange in Frankfurt, Germany, Monday, Aril 7, 2025. (Arne Dedert/dpa via AP)

An Emirati walks out of the Dubai Financial Market in Dubai, United Arab Emirates, Monday, April 7, 2025. (AP Photos/Fatima Shbair)

Containers are piled up in the container harbor in Duisburg, Germany, Monday, April 7, 2025. (Federico Gambarini/dpa via AP)

While a trader on the trading floor of the Frankfurt Stock Exchange watches his monitors, the display board with the Dax curve can be seen in the background Monday, April 7, 2025. (Arne Dedert/dpa via AP)

Norway’s Finance Minister Jens Stolteberg answers questions related to the stock market in Oslo, Norway, Monday, April 7, 2025. (Cornelius Poppe/NTB Scanpix via AP)

European Commission President Ursula von der Leyen addresses journalists during a media conference at EU headquarters in Brussels, Monday, April 7, 2025. (AP Photo/Virginia Mayo)

A man with a MAGA hat stands in front of the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

James Lamb works on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025. (AP Photo/Seth Wenig)

An aerial view of Xiasha Container Terminal on a canal in Hangzhou in east China’s Zhejiang province Sunday, April 6, 2025. (Chinatopix Via AP)

A man stands near an electronic board displaying stock prices at the Indonesia Stock Exchange, in Jakarta, Indonesia, Tuesday, April 8, 2025. (AP Photo/Achmad Ibrahim)

A woman walks past a charging Bull sculpture outside Bombay Stock Exchange building in Mumbai, India, Tuesday, April 8, 2025. (AP Photo/Rafiq Maqbool)