Wall Street suffers its worst session since 2020 with $2.5tn vanishing from market value following the announcement of President Trump’s sweeping global tariffs. Along with a heightened risk of a U.S. recession, top Wall Street names have voiced concerns over worsening global economic consequences should the tariffs be implemented without any exemptions. President Trump says he remains open to negotiations. We are live on the shores of Lake Como, Italy at The European House Ambrosetti Spring Forum where CEO Valerio De Molli tells CNBC that any retaliation to the U.S. tariffs would be counter-productive. And in oil news, Opec+ quickens the pace of scheduled hikes, surprising the market with a boost in production to push prices lower.

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