Global markets battered as US tariffs go live
Hopes of seeing Donald Trump roll back tariffs before they go live were dashed this morningâalong with sentiment across global financial markets.
The Nikkei is down more than 2%, a Bloomberg index tracking Asian currencies fell to a record low, and European and US futures hint at another very, very ugly trading session, with losses between 2â4% at the time of writing. I wonât say much about yesterdayâs rebound: moves of that magnitude â above 2â3% â arenât sustainable unless thereâs a clear resolution to the tariff problem.
China, on the other hand, is seeing limited losses across the CSI...