Global shares slide as Trump tariffs loompublished at 10:03 British Summer Time
Adam Goldsmith
Live reporter
Image source, ReutersStock markets have fallen in Asia and Europe after President Donald Trump suggested that new tariffs he is set to announce this week will hit all countries, not just those that have the biggest trade imbalances with the US.
On Wednesday, which Trump has dubbed America’s “Liberation Day”, he will unveil a swathe of import taxes, on top of tariffs already imposed by Washington on aluminium, steel and vehicles.
But concerns about a trade war are unsettling markets and creating fears of a recession in the US.
Japan’s Nikkei 225 benchmark share index closed more than 4% lower today, while the Kospi in South Korea ended down 3%.
In the UK, the FTSE 100 index was down about 0.8% in morning trade, while Germany’s Dax index and France’s Cac 40 were both down 1%.
Stay with us as we bring you analysis and updates on the markets, plus all the latest on Trump’s tariffs and their potential impact.