Stocks slump, dollar soars as Trump tariffs trigger trade war
- Asian stock markets fell sharply after U.S. President Donald Trump announced tariffs on Canada, Mexico, and China, raising fears of a trade war and affecting global growth.
- The U.S. Dollar reached record highs against the Chinese yuan and the Canadian dollar following the tariff announcements.
- Canada and Mexico announced retaliatory tariffs against the U.S., with Canada imposing 25% tariffs on $106.5 billion of U.S. Goods.
- Trump's tariffs could reduce U.S. Growth by 1.5 percentage points this year, according to EY Chief Economist Greg Daco.
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Coverage Details
Total News Sources0
Leaning Left20Leaning Right14Center21Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 36%
C 38%
R 26%
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