Global stock markets come under pressure amid ‘Trump tariff tantrum’ | Stock markets
Global stock markets came under pressure after Donald Trump signed off on new US tariffs on China, Canada and Mexico, prompting fears of a trade war.
Markets recovered some of their losses early on Monday after it emerged that the US president had agreed to delay new duties on goods from Mexico for a month, sparking hopes of a reprieve.
Trump rattled investors by vowing to proceed with the tariffs over the weekend, triggering what was quickly described as a “Trump tariff tantrum” in the markets on Monday.
Wall Street opened sharply lower, with the S&P 500 falling by almost 2%, before recovering after Mexico and the US announced a month-long pause on duties to allow for negotiations. The S&P 500 finished down 0.8% and the tech-focused…
