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Global stocks tumble as Trump sparks global trade war fears
The specter of a global trade war sent world stocks tumbling on Friday and drove investors toward the traditional safe plays of government bonds and the Japanese yen. Europe's STOXX 600 index fell over 1 percent early on, following both Wall Street and Asia down, after Donald Trump said the United States would impose hefty tariffs on imported steel and aluminum. Trump said duties of 25 percent on steel and 10 percent on aluminum would be formally announced next week, sparking concerns of retaliatory moves from major trade partners such as China, Europe and neighboring Canada.
https://finance.yahoo.com/news/asia-extends-wall-street-selloff-010426470.html?.tsrc=rss
The specter of a global trade war sent world stocks tumbling on Friday and drove investors toward the traditional safe plays of government bonds and the Japanese yen. Europe's STOXX 600 index fell over 1 percent early on, following both Wall Street and Asia down, after Donald Trump said the United States would impose hefty tariffs on imported steel and aluminum. Trump said duties of 25 percent on steel and 10 percent on aluminum would be formally announced next week, sparking concerns of retaliatory moves from major trade partners such as China, Europe and neighboring Canada.
https://finance.yahoo.com/news/asia-extends-wall-street-selloff-010426470.html?.tsrc=rss
