Global shares slide as new US import taxes loom
Peter Hoskins
Business reporter
ReutersShares in the US have bounced back, despite tariff fears hitting stocks in Asia and Europe after US President Donald Trump suggested that he was planning import taxes that could hit “all countries”.
Trump’s comments came as he prepares to unveil a massive slate of import taxes on Wednesday, in what he has called America’s “Liberation Day”.
These will come on top of Trump’s recent import taxes on aluminium, steel and cars, along with increased levies on all goods from China.
The tougher stance from Trump has increased nervousness about a trade war hitting the global economy.
Trump has offered conflicting signals about the scope of the expected tariffs, which have helped drive steep declines in the US…
