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Trump's trade war salvo rocks global markets | N18G

Investors on Monday bought dollars, sold stocks and worried about inflation. A scramble ensued to assess the risk of a trade war after Donald Trump put tariffs on top U.S. trading partners. Trump's ordered additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from China. They're set to take effect on Tuesday, and will affect $1.3 trillion of goods, or more than 40% of all U.S. imports. The pan-European STOXX 600 index was down over 1% in early trade, set for its biggest one-day slide this year. And the euro currency also dropped more than 1%

first published: Feb 3, 2025 10:32 pm

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