Global stocks have fallen after US President Donald Trump announced fresh tariffs on more than 90 countries
Trump increased tariffs on Canada from 25% to 35% – PM Mark Carney says he’s “disappointed”, but most Canadian goods are exempt under a previous agreement
Higher tariffs for Mexico were paused for another 90 days, but Brazil faces a 50% levy.
How stock markets are faring ahead of NYSE opening bell:
Stock markets in Europe dropped, with Germany’s DAX down 1.5%.
In the UK, the FTSE 100 index has also dipped by 0.51% – though our deputy economics editor writes that this isn’t really a surprise.
Asian markets, too, were trading lower this morning after Trump’s tariffs announcements.
Japan’s Nikkei 225 is down by 0.66% today, while the ASX 200 in Australia is 0.92% lower.
Trump first announced his tariff plan in April, sending chaos rippling through the world economy. He later postponed it so countries, including the UK, could negotiate deals – here’s a quick reminder of how we got here
Overall, these tariffs are less aggressive than the president threatened in April.
BBC
