Home Business news Trump tariffs: stocks dive as investors scramble to bonds, gold and yen

Trump tariffs: stocks dive as investors scramble to bonds, gold and yen

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Nasdaq futures fell 3.3% and dollar plunges to six-month low as Asian and European markets plummet

Global stocks fell sharply and the US dollar hit a six-month low after US president Donald Trump unveiled sweeping tariffs against America’s global trade partners, in a move that is expected to upend supply chains and cause economic turmoil.

European markets opened lower on Thursday after a sharp selloff across Asia and US futures signalled similar falls when Wall Street opens.

Continue reading…Nasdaq futures fell 3.3% and dollar plunges to six-month low as Asian and European markets plummetBusiness live – latest updatesGlobal stocks fell sharply and the US dollar hit a six-month low after US president Donald Trump unveiled sweeping tariffs against America’s global trade partners, in a move that is expected to upend supply chains and cause economic turmoil.European markets opened lower on Thursday after a sharp selloff across Asia and US futures signalled similar falls when Wall Street opens. Continue reading…