Would market volatility amidst global trade tensions and uncertainty cause a global recession? Although the world’s major central banks had managed to avoid risks in the first week of June, despite some small variations at some maturities, the United States yield curve remained more or less as it was at the beginning. What will happen in the not-so-distant future? It is likely that Friday, 31 May 2019 will be considered to be one of the milestones of the ongoing global financial crisis that started in the summer of 2007. It is because, in a sequence of two tweets on Twitter, President of the United States (US) Donald Trump declared that 5% tariffs would be imposed on all goods coming into the US from Mexico, until the time the inflow of illegal Mexican migrants stopped.