Stocks are tumbling, the value of the Australian dollar is falling and the scene looks set for a US recession with global fallout. 

The tariffs President Donald Trump has imposed on imports to the United States are rattling global markets with potential wide ranging impacts for our economy.

Our biggest trading partner China is one of the hardest hit, so what happens next? 

Today, chief business correspondent Ian Verrender on why stock market falls could signal something more ‘sinister’ ahead and how Trump’s tariffs have destroyed investor confidence. 

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Ian Verrender, ABC chief business correspondent