Source: International Business Times
Markets have been hammered by Donald Trump's decision to impose sweeping tariffs on all trading partners AFP Equity markets suffered a bloodbath Thursday after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Tokyo's Nikkei led an Asian selloff, collapsing more than four percent, while US futures plunged, safe haven gold hit a record high and the yen jumped one percent. The panic came after the US president unveiled a blitz of levies aimed at correcting trade deficits with other countries following what he says has been years of the United States being "ripped off".
