Asian markets drop further as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live | Trump tariffs
Key events
The French president, Emmanuel Macron, called the tariffs introduced by the US president, Donald Trump, “brutal and unfounded”.
Trump unveiled a 10% minimum tariff on most goods imported to the US, with a higher 20% rate for the EU. Macron said European countries must suspend planned investment in the US after the announcement:
Virginia Harrison
In the Pacific, Fiji is the hardest hit by Trump’s tariffs. It has been levied with a 32% tariff, Vanuatu at 22% and Nauru at 30%.
Fiji prime minister Sitiveni Rabuka said the move was akin to a “trade blockade” that his country could not win.
“We…
