Markets slide again on concern Trump’s tariffs are here to stay

News Snapshot:

Sentiment towards equity markets worsened after reports the US is considering a stop-gap effort to impose levies on swaths of the global economy. Asian shares and US stock futures fell again on concern US president Donald Trump’s tariffs are here to stay after his administration reiterated its resolve to keep the levies amid a legal tussle. A gauge of Asian shares dipped 0.5 per cent, trimming its biggest monthly gain since November 2023, amid uncertainty about the legal status of Trump’s planned tariff increases. Sentiment towards equity markets also worsened after the Wall Street Journal reported the administration is considering...