Air Force Bank Chinese Dollar Donald Trump Economy European Gold Goldman Sachs Japan Manufacturing military Moscow Oil Pacific Russia South Korea stock market stocks Ukraine War
World share markets were in a tailspin on Monday in Asia after U.S. President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to recession. Trump's comments to reporters on Air Force One seemed to dash hopes the levies would be more limited. Trump is due to receive tariff recommendations on Tuesday and announce initial levels on Wednesday, followed by auto tariffs the day after. Seeking any safe harbor from the trade storm, investors piled into sovereign bonds and the Japanese yen, while lifting gold prices to another all-time high. "For the…
News Timeline:
Track the development of this news story across the Internet.