PANews reported on April 9 that Trump's reciprocal tariffs on dozens of countries officially took effect today, which is expected to deepen the risk of a global trade war, even though he is ready to negotiate with some countries. Trump's punitive tariffs have shaken the global trade order that has lasted for decades, sparked concerns about a recession, and caused a sharp drop in global stock markets. Since Trump announced the tariffs a week ago, the S&P 500 has lost nearly $6 trillion in value, the largest four-day drop since the benchmark index was founded in the 1950s. The index is now close to a bear market, a 20% drop from its recent high. After a brief respite, the sell-off in Asian markets resumed on Wednesday, including the Nikkei index, which fell more than 3% during the day, and South Korea's KOSPI index fell more than 1% during the session.