THE GUARDIAN: US president has rattled investors by targeting China, Canada and Mexico, triggering fears of a trade war
Stock markets in the UK and Europe have suffered heavy falls after Donald Trump announced a number of tariffs, prompting fears of a global trade war.
The US president rattled investors by signing off on tariffs on China, Canada and Mexico over the weekend, triggering what was quickly described as a “Trump tariff tantrum”.
Stocks fell in Asia on Monday morning, followed by markets in Europe. The FTSE 100 share index shed 106 points to hit 8,570 points, falling back from last Friday’s record high.
Germany’s DAX index fell by nearly 2%, while France’s CAC 40 was down by 1.7%. Spain’s IBEX dropped 1% and Italy’s FTSE MIB lost 1.2%. » | Graeme Wearden and agencies | Monday, February 3, 2025
