Global stock markets experienced a decline, driven by increasing concerns over potential tariffs imposed by President Trump on key trading partners. Major European and Asian indices dropped significantly, reflecting anxiety over a possible trade war that could disrupt global trade flows and inflate costs. Amid this, SoftBank's shares rose after announcing a partnership with OpenAI, showcasing the ongoing interest in AI technologies. Furthermore, a report from Chinese tech company DeepSeek raised questions about the necessity of heavy investment in AI chips, impacting technology stocks amid the backdrop of looming tariffs.
The implications for trade restrictions could result in reduced global trade flows, supply chain shifts which could mean higher costs for businesses, and higher inflation.
Investors have been jolted by a report from a Chinese upstart, DeepSeek about developing a cheaper large language model that can compete globally.
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