Yesterday, in a conversation with reporters on Air Force One, US President Donald Trump mentioned that tariffs would be extended to cover all countries, increasing the uncertainty in global markets. This news has led to a sharp decline in Asian markets, with Tokyo's Nikkei 225 falling by over 4%. The situation has put investors on edge, with concerns about a potential global economic slowdown and inflation as a result of the looming tariffs. The FTSE 100 and FTSE 250 in the UK have also dropped as trading began. Additionally, the price of gold has surged to a record high as investors seek safe-haven assets. In response to Trump's tariff threats, leaders in various countries are preparing for potential implications on their economies and trade relationships.