Trump escalates global trade war with sweeping tariff blitz

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The story "Trump escalates global trade war with sweeping tariff blitz" was covered 1 days ago by Financial Times, a news publisher based in United States.

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Financial Times 1d ago

Trump escalates global trade war with sweeping tariff blitz - Financial Times

Quick Summary:

Trump’s announcement sent US stock-index futures sliding, with contracts tracking the S&P 500 down 3.3 per cent and those following the tech-heavy Nasdaq 100 down 4.2 per cent in early Asia trade on Thursday.

They will be because we never charge anybody anything, but now we're gonna charge, uh, European Union, they're very tough, very, very tough traders, uh.

Those include steel and aluminium, along with cars, and imports that Trump has signalled he will apply a separate set of tariffs to, including copper, pharmaceuticals, computer chips and lumber.