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Al Jazeera
Al Jazeera
Business

Global stocks swoon as Trump tariffs hit markets

The top five US liquor brands were removed from shelves at a BC Liquor Store in Vancouver, British Columbia, Canada, as part of a response to US President Donald Trump's 25 percent tariffs on Canadian goods [Chris Helgren/Reuters]

United States stocks are at their lowest level since President Donald Trump was sworn in two weeks ago, and other global financial markets slumped after he ordered tariffs on Canada, Mexico and China while world leaders responded to his threats to expand tariffs to the European Union as well.

The benchmark S&P 500 on Monday fell 1.7 percent at the opening bell on the heels of the year’s biggest daily losses on a string of Asian and European bourses over fears of an economically damaging trade war.

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