Stock markets across the world fell heavily on Monday after Donald Trump suggested that new tariffs he is expected to announce this week would hit “all countries”. On Monday, the threat of a deepening trade war spooked investors. “A selling wave is sweeping across global markets,” said Jochen Stanzl, the chief market analyst at CMC Markets. Larry Fink, the chief executive of BlackRock, issued veiled criticism of Trump’s trade tariffs on Monday, declaring that “protectionism has returned with force”. Over the weekend, Trump said he “couldn’t care less” if US carmakers raised their prices because of the new tariffs.

Source: The Guardian March 31, 2025 19:45 UTC