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GLOBAL MARKETS-Trump's tariffs jolt global stocks, trigger rush to safety
Global stocks took another beating on Friday with investors piling into safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1. U.S. stock futures slipped 0.4% in Asian trade after the S&P 500 skidded 0.9% to hit one-month lows overnight, while Pan-European Euro Stoxx 50 futures shed 1.9%. Trump's announcement, which came a day after U.S. and Chinese negotiators concluded a meeting in Shanghai without significant signs of progress, marks an end to a truce in the trade war struck in June and could further disrupt global supply chains.
https://finance.yahoo.com/news/global-markets-trumps-tariffs-jolt-030721991.html?.tsrc=rss
Global stocks took another beating on Friday with investors piling into safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1. U.S. stock futures slipped 0.4% in Asian trade after the S&P 500 skidded 0.9% to hit one-month lows overnight, while Pan-European Euro Stoxx 50 futures shed 1.9%. Trump's announcement, which came a day after U.S. and Chinese negotiators concluded a meeting in Shanghai without significant signs of progress, marks an end to a truce in the trade war struck in June and could further disrupt global supply chains.
https://finance.yahoo.com/news/global-markets-trumps-tariffs-jolt-030721991.html?.tsrc=rss
