As the world watches with bated breath, financial markets are reeling from the repercussions of U.S. President Donald Trump's ongoing trade war. Investors are increasingly concerned that this conflict will severely damage corporate earnings, potentially leading to a global recession. The following 13 key charts illustrate the stark reality of the situation:

1. U.S. Stock Market Turmoil

The downturn in U.S. stocks has been extensive, with a staggering 97% of companies in the S&P 500 experiencing declines last Friday. This resulted in one of the most significant weekly drops seen in years.

2. Diminished Valuations

As corporate confidence wanes, U.S. equities valuations have plummeted to their lowest since late 2023, sparking worries about future growth and sustainability.

3. Wall Street Stability

Forecasters on Wall Street are scrambling to downgrade their projections for U.S. equities, reflecting the growing uncertainty in the market.

4. Volatility Indices on the Rise

The 'Vix', or fear gauge, which measures market volatility, rose sharply on Monday as Trump remained steadfast in his trade policies. This indicates a pervasive fear among investors about future market stability.

5. U.S. Treasury Yields Drop

Amid growing fears, the yield on the U.S. 10-year treasury bond has decreased by approximately 40 basis points, reflecting a flight to safety as investors seek reliable havens for their money.

6. Interest Rate Speculations

Traders are now anticipating that the U.S. Federal Reserve may cut interest rates five times in the upcoming year, despite Chairman Jerome Powell voicing concerns about the impact on inflation.

7. Declining U.S. Dollar

The U.S. dollar experienced a notable slump last Thursday, temporarily erasing its gains since the 2022 elections.

8. Pressure on Risk-Sensitive Currencies

Currencies tied to global risk are feeling the pressure. The Australian dollar, due to its heavy trade ties with China, has been at the forefront of the latest market selloff as fears of a recession mount.

9. Chinese Market Response

Stocks in China, one of Trump's main targets, plunged following Beijing's declaration of retaliation. The Hang Seng Index in Hong Kong experienced its most drastic decline since 1997, plummeting 13%.

10. Emerging Market Struggles

Emerging-market equities have seen their year-to-date gains evaporate, marking one of their most challenging days since the financial crisis of 2008.

11. Oil Market Dips

Oil prices have been in freefall since the tariff announcements, indicating investor fears of diminished demand. This decline was exacerbated by an unexpected production boost from OPEC and its allies.

12. Copper's Disheartening Drop

The price of copper, often seen as an indicator of global economic health, nosedived 10.4% last week. Such significant drops have not been witnessed since major financial events, including the 2008 crisis.

13. Junk Bonds Signal Alarm

A key indicator of credit risk for high-yield European firms has widened quickly, implying heightened stress perceptions as investors brace for potential defaults.

As the economic landscape continues to shift under the strain of tariffs and trade tensions, market watchers are left questioning the longevity of these volatile trends. Will measures be taken to soothe markets, or are we on the brink of a severe economic downturn? Investors stay alert, as the fallout from the trade war unfolds across the global financial scene.