Good evening. I'm Jeff Bennett.

And I'm Omna Nawaz. On the news hour tonight, global financial markets sink in the wake of President Trump's decision to impose tariffs on practically all goods being imported to the U.S.

How the Trump administration has restarted the practice of family detention as part of its hardline immigration policies.

And Taiwan builds up its military as the threat of a Chinese takeover looms larger.

I think the Russia-Ukraine war is a wake-up call for Taiwan.

Like Ukraine, we have a powerful adversary nearby.

Welcome to the News Hour. U.S. markets plunge today in the wake of President Trump's announcement of new tariffs.

Many stocks had their worst single day since the pandemic in 2020, losing approximately $3 trillion of value.

The Dow dropped more than 1,600 points or about 4%. The tech-heavy NASDAQ, which helped fuel a market boom over the past year,

fell by almost 6%. And the S&P 500, which has fallen for five of the last six weeks, dropped 4.8%.

Foreign leaders around the world denounced the tariffs, and some warned of retaliation and trade wars.

A number of leading business groups and experts

said the president's action could risk more inflation, stall growth, and even trigger a

recession. Our Lisa Desjardin begins our coverage with this report.

On Wall Street, stocks plunged moments after the opening bell. Part of a global decline. Foreign markets tumbled overnight in reaction to President Trump's

sweeping new tariffs. But the president this afternoon said he wasn't worried, raising the

tariffs as a chance to negotiate.

I think it's going very well. The markets are going to boom. The stock is going to boom.

The country is going to boom. And the rest going to boom, the country is going to boom,

and the rest of the world wants to see is there any way they can make a deal?

But from another high-ranking White House advisor, a different take.

Senior Counselor for Trade Peter Navarro told CNBC the tariffs are long-term and not going away tomorrow.

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