The “America First” trade is unraveling in the sweeping turmoil in global markets, with stocks acutely exposed to the US economy sinking alongside the dollar. As Wall Street’s rebellion against Donald Trump’s tariff war intensifies, traders are rushing into fixed-income havens. About $2 trillion was erased from the S&P 500, …
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Global Markets Wait In Fear For Trump’s ‘Liberation Day’ Tariffs
Washington: Markets worldwide fluctuated on Tuesday as investors braced for US President Donald Trump’s sweeping “Liberation Day” tariff announcements, hoping they would free businesses from the trade-policy uncertainty that has weighed on markets for weeks. President Trump is set to unveil “reciprocal tariffs”, aligning US duties with those of other …
Read More »Wall Street Sees Massive Sell-Off, Global Markets Down Over Recession Fears
New York, US: Share markets across the globe witnessed sharp losses after a selloff in America, triggered by US President Donald Trump on Monday refusing to rule out the suggestion that his tariffs could trigger a recession in the world’s biggest economy. US bond yields also dropped as investor worries …
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