US President Donald Trump has ruled out suspending global tariffs, despite volatility in stock markets. His comments came after significant fluctuations in the US stock market, where the Dow Jones dropped 349 points and the S&P 500 experienced dramatic reversals. A false rumor about a potential tariff pause briefly boosted stocks before Trump reaffirmed his tariff stance, particularly against China. European markets also faced declines, with fears of a global recession rising. However, some markets began to stabilize later in the day.