Stocks Slump With Tariffs Back In Focus
Trump makes new threats of additional tariffs on holdout countries…
Highlights
• Trump makes new threats of additional tariffs on holdout countries…
• … including a suggested 40% tariff on “transshipped” Chinese goods
• Challenger layoff data show more cuts from AI, tariffs
• German firms plan a major investment expansion
Key Takeaways
• Equities Rattled By Newest Tariff Moves: Global equity markets end the week on their back foot, with a slew of tariff announcements out of the White House having been met with a decisively risk-off tone from investors. U.S. equity futures are squarely in the red, European stocks have plunged -1.7% (largest one-day drop in the Stoxx 50 index in two months). All-in, the MSCI Asia Pacific Index is on course for its worst week since April, while the MSCI All Country World Index is on pace to extend its losing streak to a sixth straight day.
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