The Guardian - Stock markets across the world fell heavily on Monday after Donald Trump suggested that new tariffs he is expected to announce this week would hit “all countries”.
Shares fell across Asia-Pacific markets and in Europe after the US president crushed hopes that “reciprocal tariffs” expected on Wednesday would only target countries that have the largest trade imbalances with the US....
Trump told reporters on Air Force One: “You’d start with all countries. Essentially all of the countries that we’re talking about.”
On Monday, the threat of a deepening trade war spooked investors. In Toyko, Japan’s Nikkei index lost 4% and South Korea’s Kospi fell 3%. The wave of selling swept into European markets as well – the UK’s FTSE 100 fell 1.3% to a two-week low, and Germany’s DAX and France’s CAC both lost 2%.
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