U.S. President Donald Trump’s sweeping tariff plans hammered global financial markets on Monday after he warned foreign governments they would have to pay "a lot of money" to lift the levies that he called "medicine". Asian equity markets sank, European shares crashed to a 16-month-low and oil prices plummeted as investors feared the duties Trump announced last week could lead to higher prices, weaker demand and potentially a global recession.
#Trump #tariffs #markets
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