unlikelykittenwhispers

[unlikelykittenwhispers]

Doncic and James star as Lakers beat Pelicans

Luka Doncic and LeBron James helped the Los Angeles Lakers to a comfortable victory against the New Orleans Pelicans.

Doncic put on a game-high 35 points with team-mate Austin Reaves adding 30, while James scored 27 points with eight assists in a 124-108 win.

The Lakers bounced back from defeat against the Golden State Warriors to further boost their hopes of a top-four finish in the Western Conference.

It is the sixth successive win for the Lakers over the Pelicans, including three victories this season.

Elsewhere, Western Conference leaders the Oklahoma City Thunder, who host the Lakers in back-to-back games on Sunday and Tuesday, saw an 11-game winning streak ended against the Houston Rockets.

Jalen Green and Alperen Sengun combined for 65 points to triumph 125-111 in Houston.

The Boston Celtics set a new record for the number of three-pointers scored in a single season during their 123-103 win over the Phoenix Suns.

Boston, the defending NBA champions, scored 14 at TD Garden to take their overall tally to 1,370, eclipsing the previous record of 1,363 set by the Golden State Warriors in 2022-23.

[unlikelykittenwhispers]

Ovechkin’s ‘Great 8’ Chase Of Gretzky’s NHL Scoring Record Now Tied At 894 Goals

The Great 8 Ties The Great One With Goal No. 894 Just 10 days ago I was preparing the Alex Ovechkin watch with the Washington Capitals captain countdown and “The Great 8” chase (he wears No. 8) to catch the great Wayne Gretzky’s NHL regular season scoring record of 894 goals. At the time, the Capitals had 104 points and were leading the chase for the Presidents Trophy (most points, i.e. best overall record), and “Ovi” was chasing history with 35 goals this season and closing in on Gretzky with 888 career goals. FanDuel Sportsbook’s odds of Ovechkin breaking Gretzky’s record were -114.

Last night the Capitals beat the Chicago Black Hawks at home 5-3 and Ovechkin deposit two more goals and his team-high 40th and 41st of the season in front of the faithful fans at Capital One Arena. The 39-year-old Russian Alexander Mikhailovich Ovechkin reached 894 career goals in his 1,486th career regular season game to tie the greatest hockey players goal scoring record. Ahead of that game, FanDuel’s odds of Ovechkin breaking Gretzky’s record this season in the Capitals final seven games were -480.

Also, Wayne Gretzky attended the Capitals-Black Hawks game, and reached out to Ovechkin ahead of the contest.

“Wayne texted me before the game,” says Ovechkin. “He said, ‘Score three.’ It’s a special moment. It’s great for hockey, great for DC, great for all our fans to do it here in Washington.

PROMOTED

“It’s fun. It’s always a pleasure to be in that category with those names, and thank you Wayne, for your support. It’s great.”

The engagement and excitement has been building, and you can bet Capitals fans were watching and wagering on their team from their mobile devices and at Caesars Vegas-style sportsbook inside Capital One Arena.

MORE FOR YOU ‘NYT Mini’ Clues And Answers For Saturday, April 5

WWE Smackdown Results: A Legend Got Destroyed On The Mic In Chicago

Boston Celtics Break NBA Record For Most 3-Pointers In A Season

“I think that’s even more special in somewhat of a familiar place [his office], and also just in front of these fans that were begging for it all night, which was pretty cool to see. the engagement,” added Ovechkin’s teammate John Carlson, who had three assists, including a pretty primary helper on Ovi’s power play goal 894 in the third period.

Passport: Explore the finest destinations and experiences around the world in the Forbes Passport newsletter.

Email address Sign Up By signing up, you agree to our Terms of Service, and you acknowledge our Privacy Statement. Forbes is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply. So in 10 days, Ovechkin defied the odds again, going from nearly pick ‘em odds to a 5/1 favorite. FanDuel’s daily hockey odds include other betting options like Stanley Cup odds and futures along with player awards. But the Gr8 Chase promotion has been taken down as Ovechkin is now most likely to break the record and score his 895th career regular season goal over the Capitals final six games.

symbol 00:01

03:12 Read More

Stanley Cup Odds, Playoff Picture And Key Games Remaining Capitals schedule

April 6 - at New York Islanders April 10 - Carolina Hurricanes April 12 - at Columbus Blue Jackets April 13 - Columbus Blue Jackets April 15 - at New York Islanders April 17 - at Pittsburgh Penguins Here were the odds or the player to record an Assist on Ovechkin’s 895th career regular season goal:

Dylan Strom: (-140) Aliaksei Protas (+310) John Carlson (+400) Tom Wilson (+520) Martin Fehervary (+560) Jakob Chychrun (+750) Matt Roy (+750) Pierre-Luc Dubois (+1000) Unassisted (+1000) Gretzky will be at each game as Ovechkin now takes the ice with his next goal breaking the record of the undisputed greatest hockey player in history. It’s worth recognizing Gretzky’s accomplishments as he was at a press conference Thursday night following Ovechkin’s record-tying night with The Great One’s goal scoring record on the brink of being broken.

Gretzky scored 894 goals and added 1,963 assists in finish his career with 2,857 pionts in 1,487 games - more than 900 points ahead of the next closest Jaromir Jagr, and more than 1,200 points ahead of Ovechkin. The great No. 99 also played in 208 playoff games and totaled 122 goals and 260 assists for an additional 382 points. Gretzky is the only NHL player to total over 200 points in one season, a feat he accomplished four times. The Great Gretzky also tallied over 100 points in 15 professional seasons. At the time of his retirement in 1999 with the New York Rangers, the 38-year-old held 61 NHL records: 40 regular season records, 15 playoff records, and 6 All-Star records.

Gretzky won four Stanley Cup’s with the 1980’s dynasty Edmonton Oilers while setting numerous scoring records including a NHL record 215 points on 52 goals and 163 assists during the 1985-86 season - the fourth time he reached 200 points and the only player to ever eclipse that total.

FanDuel had other proposition (props) bet offerings including odds on which game Ovechkin would score goal No. 895 to break Gretzky’s record. It was +2200, or 22/1 to get the hat trick and score three goals against the Black Hawks. Ovechkin nearly pulled it off with a chance in the closing minute for an empty net goal, which another Washington player capitalized on with rookie Ryan Leonard scoring his first NHL goal in his ninth game.

The odds were most likely (+180) that Ovechkin would break the record against the Columbus Blue Jackets in one of the back-to-back games against the Capitals April 12-13.

Capitals Playoff Picture And Stanley Cup The Capitals are going to win the Metroplitan Division with the best record and No. 1 playoff seed in the Eastern Conference. Washington (107 points) is still in the chase for the Presidents’ Trophy trailing the Winnipeg Jets (108) with the Jets Central division opponent Dallas Stars (104) also in the race.

Only 8-of-38 Presidents’ Trophy winners have gone on to win the Stanley Cup, and none since the 2012-13 Chicago Black Hawks in a season cut short by a lockout. The Detroit Red Wings (115 points) are the last team to win the Presidents’ Trophy over a full season and capture the Cup (2008).

The Capitals are currently +1100, or 11/1 odds to win the Stanley Cup, according to FanDuel. Teams with shorter odds include the defending Stanley Cup champions Florida Panthers (+550), Dallas Stars (+550), Vegas Golden Knights (+800), Carolina Hurricanes (+900), Colorado Avalanche (+950) plus the Winnipeg Jets and Edmonton Oilers also +1100.

Ovechkin’s Capitals Ties To Vegas Winnipeg beat the Vegas Golden Knights 4-0 April 3 in Las Vegas to stay in front of the Capitals for the Presidents’ Trophy. Golden Knights President of Hockey Operations George McPhee has ties to the Capitals as he served as General Manager and Vice-President of Hockey Operations for the Washington Capitals from 1997 to 2014. McPhee delivered instant success to the District in 1997–98 with the Capitals making their first-ever Stanley Cup appearance.

McPhee’s introduction to the energy, effort, power and purpose Alex Ovechkin could possess took place during the 2005–06 season, when the No. 1 overall pick was living with the McPhee family as a rookie. An avid cyclist, McPhee invited Ovechkin along for a 20-mile ride along the Potomac River. McPhee was up early stretching after breakfast while story told that Ovechkin got out of bed, had a coke and then proceeded to play follow the leader along the hilly terrain with Ovechkin showing his power and strength while setting the pace.

In 2018, the Washington Capitals won their first Stanley Cup, defeating the against all odds and valiant Vegas Golden Knights in five games. Vegas was as high as 500/1 odds to win the Stanley Cup in their expansion season. Capitals captain Alex Ovechkin won the Conn Smythe Trophy as the Stanley Cup Playoffs MVP. The Golden Knights would overcome the odds to win the 2023 Stanley Cup five years later.

Ovechkin’s odds to win the Conn Smythe this year are +2700 and among the top 10 players in the league. The Capitals top goalie is Logan Thompson, who played the previous three seasons for the Vegas Golden Knights.

Both teams are chasing another Stanley Cup as top contenders with the NHL Playoffs starting in two weeks. By then, Ovechkin will likely have overcome the odds to become the NHL’s all-time goal scoring leader with a goal scoring record that once seemed untouchable by the greatest hockey player of all-time. But Gretzkey’s points record will remain securely on top for(ever) and decades ahead.

You can bet on it.

[unlikelykittenwhispers]

UConn dominates UCLA, reaches first title game since

No. 2 UConn steamrolled past top overall seed No. 1 UCLA in the Final Four, winning 85-51, to reach its first national championship game since 2022. Behind forced turnovers and guard Azzi Fudd's electric first half, the Huskies cruised to a 20-point lead by halftime and didn't look back.

It marks the first 30-point victory in a Final Four by any team and the largest win margin in Final Four history.

The two teams were neck-and-neck early in the first quarter, only separated by five points with less than three minutes left in the quarter, and that's when Fudd came to life.

The graduate guard poured in 19 points in the first 20 minutes, dropping 12 in the second, and the Bruins didn't have an answer. UCLA turned it over 14 times in the first half, while center Lauren Betts was the only player with more than five points.

The Huskies entered the break with a 42-22 lead and didn't look back after the break. Forward Sarah Strong and guard Paige Bueckers joined Fudd's high-scoring party in the second half, finishing the game with 22 and 16 points, respectively. Strong became the third freshman in UConn history to score 20 or more points in a Final Four game. Somehow one-upping their first half performance, the Huskies shot 64% from the field and outscored the Bruins 43-29.

UConn will face No. 1 South Carolina in the national championship game on Sunday at 3 pm ET, a rematch of the 2022 national title game where South Carolina won 64–49. With multiple stars on both teams, it will be a preview of two future stars in Strong and South Carolina forward Joyce Edwards.

[unlikelykittenwhispers]

Sources: Patriots trade QB Joe Milton III to Cowboys

Defensive end Trey Hendrickson said Wednesday that he's disappointed and confused by Cincinnati Bengals executive Katie Blackburn's recent comments on his contract talks with the team.

On Tuesday, at the NFL's annual meeting, Blackburn, the Bengals' executive vice president, said of Hendrickson, "I think he should be happy at certain rates that maybe he doesn't think he'd be happy at. I think some of it is on him to be happy at some point, and if he's not, you know, that's what holds it up sometimes. So, you know, it takes him to say yes to something, and also, we have all the respect in the world for him."

Hendrickson, who is looking for a new contract after posting 17.5 sacks each of the past two seasons, expressed his displeasure with those comments Wednesday in an appearance on "The Pat McAfee Show."

"First off, yesterday was April Fools' [Day] so I was traded to all 31 teams and had like a hundred different contracts. The one thing I was hoping was an April Fools' joke [was those comments]. Called my agent [Harold Lewis], found out it was not, and that was a little disappointing because the communication has been poor over the last couple of months," he said.

Hendrickson said the Bengals have not communicated with his agent directly about his contract, saying that has "been something that's been a little bit frustrating."

"We're on the D-end National Football League Street. The market value for that is going up like it did for wide receivers last year. Where I fit in that road is all up to discretion. We're willing to talk about those things. With the market continuing to go up, I'm not going to apologize for that, because I've been basically asking for the same thing every year, to be solidified as a Cincinnati Bengal for life."

Hendrickson, who is set to enter the final year of his contract, said the team told him in a meeting with his agent last year that something would get done with his contract this year, which he said was reiterated at the scouting combine in February.

"Open line of communication is always open with me and my agent, so if they have anything they'd like to discuss, we've been nothing but willing to listen," he said.

Hendrickson, 31, is coming off his best season in the league. He led the NFL in sacks and was named to the All-Pro team for the first time in his career. Hendrickson also made the Pro Bowl for the fourth straight season. However, at $21 million, he ranks 10th among edge rushers in average annual salary, according to OverTheCap.com.

Hendrickson's contract is the final hurdle remaining for the Bengals in an offseason when they also needed to address deals for wide receivers Ja'Marr Chase and Tee Higgins. The Bengals took care of both of their star wide receivers last month, signing Chase to a four-year, $161 million extension and Higgins to a four-year, $115 million contract.

"Through this process, communication, when I say it's been poor, it's been, like, here and there," Hendrickson said. "And respect to Ja'Marr and Tee. I don't want to take anything from all the great things they've accomplished in their careers. They deserve everything that they've gotten, and no doubt in my mind they're going to excel in the National Football League. I have a tremendous respect for both of them. But when it comes to my situation, it would have been nice to know in some ways, like, 'Hey we're going to put you in the queue,' no problem with me."

Editor's Picks

Bengals, DE Hendrickson still at contract impasse3dBen Baby

Everything we heard at the NFL league meeting: QB options, draft maneuvers, roster holes2dESPN

Barnwell's annual all-trades NFL mock draft: Proposing 32 deals to transform Round 13dBill Barnwell

He said that he's not looking to become the highest-paid defensive end or "first in line" to get a deal done but that with organized team activities set to begin later this month, there's an urgency to get something done.

"When you have things like OTAs coming and guys like Sam Hubbard, who's been a tremendous captain for our team last year, that leaves a vacancy for that and I'm excited to fill that, but how do we reach that before we get there. Those are the things that matter when you're talking about a Super Bowl. It's in the little things and the little details," Hendrickson said.

Hubbard, also a defensive end, announced his retirement from the NFL last month after seven seasons with the Bengals.

The Bengals had granted Hendrickson permission to seek a trade earlier this offseason, but so far there have been no developments on that front. Asked Wednesday whether he has a deadline in mind on when he needs to get a deal or, if it comes to it, force a trade, Hendrickson said he doesn't know whether he "can put a time stamp" on that.

"That's where to read what I read yesterday was confusing, like it's my decision. I would have been willing to sign three years ago, two years ago and this year. It was communicated to me we would get something done this year and reiterated with [director of player personnel Duke Tobin's] comments at the combine. I treat it like a house now; house value has gone up, it's the cost of living. In some ways life continues to go forward. I know I'm a football player. I'm training to be the best Trey Hendrickson I can be, and however that looks, whatever team, we can address that," he said.

Regarding his contract, he said, "There are things I'm willing to do and things I'm not willing to fudge on."

"I don't think I want to play for incentives that will be out of my control. I don't think I want to play on a short-term contract and see where it goes. I would like to be able to tell my wife, here's where we're going to build a family together," he said.

He noted that the price keeps going up each year based on contracts signed by his peers the past few years. Just this year, Maxx Crosby and Myles Garrett have reset the edge rusher market with their deals.

"Three years ago, it was the Rashan Garys, the Montez Sweats; those guys were balling out. The next year it was the Brian Burns, the Josh Allen deals; they were balling," he said. "Now it's getting to the point where guys with two years left on their deals, Maxx Crosby, Myles Garrett; guys with one year left on their deals, Danielle Hunter, myself, T.J. [Watt] and obviously Micah Parsons, he's an incredible athlete as well.

"I see that as that's the street. We're on the D-end National Football League Street. The market value for that is going up like it did for wide receivers last year. Where I fit in that road is all up to discretion. We're willing to talk about those things. With the market continuing to go up, I'm not going to apologize for that, because I've been basically asking for the same thing every year, to be solidified as a Cincinnati Bengal for life."

[unlikelykittenwhispers]

Did Trump really bring down the price of eggs by half?

During his Rose Garden address Wednesday announcing sweeping new global tariffs aimed at reducing America’s reliance on imports, President Trump took a couple rhetorical detours to praise his administration’s recent work on bringing down the price of eggs.

“They were going through the sky, the egg prices. They were going through the sky, and you did a fantastic job,” he told Secretary of Agriculture Brooke Rollins, who was sitting in the audience.

Coming in the middle of a speech about trade protectionism, it was a somewhat ironic aside: Much of Rollins’ effort has, in fact, involved importing less expensive eggs from countries now facing higher tariffs in order to ease the domestic supply crunch that sent grocery store prices soaring.

In February, Rollins announced a $1 billion action plan for bringing egg costs under control, which largely consisted of longer-term policy initiatives aimed at combating the avian flu that has decimated hen flocks. Those included new biosecurity measures, such as sending out epidemiologists to advise farmers on disease risks at their farms; exploring new bird vaccines; and removing regulatory burdens that hinder egg production.

Rollins’ main short-term move, however, was to begin importing more eggs on a temporary basis. In late March, Rollins announced that the administration would begin purchases from South Korea and Turkey. Polish and Lithuanian officials also said they had been approached by the administration.

“We are talking in the hundreds of millions of eggs for the short term,” Rollins said. “And then when our chicken populations are repopulated, and we’ve got a full egg-laying industry going again — hopefully in a couple of months — we then shift back to our internal egg layers and moving those eggs out onto the shelf.”

[unlikelykittenwhispers]

Mortgage rates tumble on tariffs, but housing costs still near record high

Mortgage rates fell sharply Thursday following the Trump administration’s tariff announcement.

The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October.

The massive sell-off in the stock market early Thursday sent investors fleeing to the bond market. That caused bond yields to drop. Mortgage rates loosely follow the yield on the 10-year U.S. Treasury, and they had been moving in a very narrow range since late February.

“While plenty of uncertainty remains over the finer points of Wednesday afternoon’s tariff announcement, markets have heard enough to brace for impact on global trade,” wrote Matthew Graham, chief operating officer at Mortgage News Daily.

The drop in rates comes at a good time for the housing market, as the historically busy spring season kicks into gear. But there are several other factors working against buyers and hitting home affordability hard.

For the four weeks ending March 30, the typical U.S. homebuyer’s monthly payment hit a record high for the second week in a row, reaching $2,802, according to Redfin, a real estate brokerage.

“Sale prices are up 3.4% year over year, and the weekly average mortgage rate is 6.65%, near its lowest level since December but more than double pandemic-era lows,” according to the report.

Even with a slight drop in mortgage rates Thursday, roughly 70% of households, or 94 million, cannot afford a $400,000 home; the estimated median price of a new home is around $460,000 in 2025, according to the National Association of Home Builders. This calculation was based on income thresholds and underwriting standards.

The minimum income required to purchase a $200,000 home at the mortgage rate of 6.5% is $61,487, according to the report. In 2025, about 52.87 million households in the U.S. are estimated to have incomes no more than that threshold and, therefore, can only afford to buy homes priced up to $200,000.

While there is a growing supply of homes coming onto the market, that supply is not at the price point where it is most in demand, meaning, it’s not on the lower end. It is also, in general, far lower than it has been historically, due to chronic underbuilding since the Great Recession.

“Supply is picking up; a lot of people I’ve spoken to over the last year or two are calling, saying they’re ready to list their house,” said Matt Ferris, a Redfin agent in northern Virginia. “Some believe we’re at the top of the market, and they want to get top dollar for their house. Here in the D.C. area, some people are selling because they’re worried about losing their government job, or because they want to buy closer to the city due to in-office policies.”

As for the spring season so far, March saw a 10% annual jump in new listings, with active listings up roughly 28% year over year, according to Realtor.com. But it also found homes sitting on the market longer and the share of listings with price reductions rising. Pending sales, which are signed contracts on existing homes, fell 5.2% from last March in the nation’s largest metropolitan areas. 

Some of the steepest declines were in Jacksonville, Florida, and Miami, Florida — down 15.1% and down 13.7%, respectively — where the markets have been softening due in part to reverse pandemic migration. Virginia Beach, Virginia, saw a 14.2% decline.

“The high cost of buying coupled with growing economic concerns suggest a sluggish response from buyers in early spring. We’re seeing a market that’s rebalancing, offering more choices for shoppers,” Danielle Hale, chief economist for Realtor.com, wrote in a release. “Recent improvements in mortgage rates bode well for the later spring and early-summer housing season, as long as economic concerns settle and don’t knock buyers off course.”

[unlikelykittenwhispers]

U.S. stocks plunge after Trump's tariff shock to global trade

By Steve Kopack, Rob Wile and Alexandra Byrne

President Donald Trump's rollout of sweeping tariffs on virtually all U.S. imports shattered markets Thursday, as investors dealt an emphatic rebuke of his effort to reorder global trade.

As of late morning, trillions of dollars were wiped out as the S&P 500 tumbled more than 3.7%. The broad-based stock index is on track for its worst day since 2022. The Dow Jones Industrial Average fell 3.1%, or 1,300 points, and the tech-heavy Nasdaq plunged 4.8%. The Nasdaq is on pace for its worst day since the onset of the pandemic in 2020.

Retail stocks were some of the hardest hit Wednesday, as Trump’s tariffs on major manufacturing and exporting nations such as China could climb as high as 54%. Lululemon and Nike shares both plummeted by more than 11%, and Ralph Lauren lost nearly 16%.

It isn't just large multinational companies that investors are betting will take a hit from the tariffs. Small business are also expected to fare worse. The Russell 2000 Index, which tracks smaller publicly traded companies, was down 6.1%. It has now lost more than 20% since its peak in November.

The turmoil is a harsh early verdict on a U.S. trade agenda that had already unsteadied investors, corporate executives, consumers and retirement savers even before Trump's announcement at the White House Rose Garden.

Now, markets are signaling profound pessimism about the policies of a president who regained office promising immediate improvements to a flawed but sturdy economy. As the outlook darkens, analysts are increasingly raising alarms about the potential for a recession.

For decades, American shoppers have served as the “consumer of last resort” for world markets. Under this implicit arrangement, other countries make products at relatively low cost that U.S. consumers buy — producing the extensive trade deficits Trump has long bemoaned.

But as the president emphasized Wednesday, this setup has cost the nation many manufacturing jobs — though technological advancements have also played a role.

Some parts of the country have managed the transition to a service-driven economy better than others, and it took decades for median inflation-adjusted earnings to eclipse their late-1970s levels. Indeed, real median earnings for male workers only just returned to those levels in the past quarter.

The problem, many economists warn, is that the genie can’t be put back in the bottle without causing U.S. wages to fall again. When Trump displayed a chart Wednesday showing how much other countries are “charging” the United States, he was really describing the extent of the country’s trade deficit with each of them.

“A bilateral trade deficit is not a strong indicator of a trade barrier,” said Felix Tintelnot, an economist at Duke University. “You spend your money at Trader Joe’s, but they don’t buy anything from you. Your employer pays your salary, but you typically don’t purchase anything from them. The existence of bilateral deficits is perfectly normal in an integrated economy.”

Zeroing out these trade imbalances would require the labor-intensive, low-wage work now being done in developing nations like Cambodia or Vietnam to be performed in the United States instead — a reversal that would likely make the average American worker poorer and crimp their spending power.

This is one reason so many analysts responded so negatively to the latest tariff rollout, with reactions such as “worse than the worst-case scenario,” “a perfect recipe for stagflation” and warnings that “many countries will likely end up in a recession.”

“The tariffs will make the U.S. poorer and invited retaliation from our allies and trading partners,” said Erica York, vice president of federal tax policy at the Tax Foundation. “This is a campaign promise that should have gone unfulfilled.”

Overnight, the 25% tariffs on auto imports Trump unveiled last week also took effect. Tariffs of 25% on foreign-made auto parts will be implemented no later than May 3, the administration has said, meaning any car sold in the U.S. will be vulnerable to tariffs by this time next month.

Markets were already battered heading into Wednesday. The S&P 500 and Nasdaq just recorded their worst quarter in years, largely due to growing uncertainty around the impact of the president’s trade policies.

U.S. stocks aren’t the only ones facing major selling, even though some overseas markets rallied recently in response shifts in American trade and foreign policy. Around the world, Japan’s main stock index and Europe’s Stoxx 600 each closed 2.7% lower Wednesday. The U.K.’s FTSE 100 saw declines of around 1.7% as German, French and Italian markets tumbled around 3%.

[unlikelykittenwhispers]

Here’s the latest.

Wall Street fell sharply on Thursday, after a slump in global markets in response to President Trump’s major round of tariffs on U.S. imports. Officials from the world’s biggest economies reacted swiftly to the new levies, a significant escalation of trade tensions with the United States, and some countries warned of retaliation.

The S&P 500 tumbled more than 4 percent, a huge daily drop for the index, echoing sharp declines in Asia and Europe as investors balked at the tariffs. China vowed to take countermeasures to “safeguard its own rights and interests.” Its state media described the tariffs as “self-defeating bullying.”

Mr. Trump had said for weeks that he would impose “reciprocal tariffs” on allies and adversaries, but the tariffs announced on Wednesday were far higher than experts had expected, and are likely to drive up prices for American consumers and manufacturers.

In Brussels, Ursula von der Leyen, the European Commission president, said that the bloc would be united in its response. “If you take on one of us, you take on all of us,” she said. President Emmanuel Macron of France called on European companies to suspend all investments in the United States “until things have been clarified” over the tariffs.

The duties posed a particular threat to attempts to revive the largest economy in Europe, Germany’s, which has been stagnant.

The response from Japan, the largest overseas investor in the United States, was more restrained. Prime Minister Shigeru Ishiba called the tariffs “extremely regrettable.” But he refrained from talk of retaliation, saying that his government was trying to impress upon the Trump administration that Japan is helping the United States to industrialize again.

Britain also did not suggest it would immediately retaliate. Instead, Prime Minister Keir Starmer said negotiations toward a trade deal with the United States would continue.

Business groups, trade experts, economists, Democratic lawmakers and even a few Republicans swiftly denounced the tariffs, while some industries scrambled to understand how they would be affected.

Mr. Trump framed his policies as a response to a national emergency, saying that tariffs were needed to boost domestic production. Asked about the market tremors, the secretary of See More