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Most markets in retreat as Trump-fuelled economy fears build

  • Asian markets mostly fell due to concerns about the US economy linked to Donald Trump's trade policies, which include new tariffs on steel and aluminum imports.
  • Wall Street faced turmoil, with the Nasdaq dropping four percent, impacted by significant losses in major tech companies like Apple and Amazon.
  • Economic uncertainty is growing, with warnings that Trump's tariffs might reignite inflation and trigger further interest rate hikes from the Federal Reserve.
  • President Trump's comments about the economy being in 'a period of transition' heightened investor anxiety, according to Shaun Murison, senior market analyst at IG online trading platform.
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The New Republic broke the news in on Tuesday, March 11, 2025.
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