The New York Times reports:
Asian and European stock markets dropped on Monday as the global fallout from President Trump’s decision to impose tariffs on Mexico, Canada and China began. In the United States, shares were poised to open lower.
Japan’s Nikkei 225 index and South Korea’s Kospi each fell more than 2.5 percent. The Taiwan Stock Exchange weighted index slumped 3.5 percent. Markets in mainland China were closed on Monday for the Lunar New Year holiday. Stocks in Hong Kong, where many Chinese companies trade, dipped slightly.
Europe’s stock indexes also tumbled. The Euro Stoxx 50, made up of the region’s largest companies, dropped 2 percent and the FTSE 100 in Britain declined 1.3 percent. In the United States, S&P 500 futures slid 1.5 percent.
Read the full article.
Trump tariffs live: stock markets roiled by global trade war fears as Canada, Mexico and China retaliate
— EUwatch 🇪🇺 (@euwatch.live) February 3, 2025 at 1:18 AM
Asian stock markets have dived over fears of a global trade war as the US prepares to impose trade tariffs aje.io/36wsrl
— aljazeera.com (@aljazeera.com) February 3, 2025 at 3:46 AM
US #gasoline futures prices are up 4% early this morning. And this is before the #tariffs are even in effect. These futures are for delivery of fuel to New York Harbor. The markets around #Chicago and the upper Midwest may see much steeper increases.
— Timo 🏳️🌈🇺🇸🇵🇹 (@timtx01.bsky.social) February 3, 2025 at 7:22 AM