Markets are braced for another rollercoaster week as the most punitive of Donald Trump’s tariffs kick in and world leaders weigh up retaliatory action, adding to fears of a global recession.
Stock indices plunged by nearly $5tn (£3.9tn) last week, with markets in the UK and US experiencing losses not seen since the early days of the Covid-19 pandemic, as investors took cover from the opening salvoes of Trump’s trade war.
