LGIM warns on hit to growth if Trump follows through on tariffs threat

News Snapshot:

The German stock exchange. European markets have surged in recent weeks despite anaemic growth across the Continent. Any move to fully implement tariffs by US president Donald Trump will have a clear and immediate impact on global markets, Legal & General Investment Management (LGIM) warned, and would likely hit economic growth worldwide. Up to now the Trump administration has threatened tariffs on goods from the US and Canada while implementing a levy on certain goods from China. Still, while he has also claimed he will implement tariffs on the EU and increase charges on China from April, his plans have...