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The Guardian - UK
The Guardian - UK
World
Archie Bland

Monday briefing: Asian markets slump after Trump insists that tariff policy will not change

Pedestrians stand in front of an electronic board showing the numbers of the Nikkei Stock Average in Tokyo on Monday.
Pedestrians stand in front of an electronic board showing the numbers of the Nikkei Stock Average in Tokyo on Monday. Photograph: Kazuhiro Nogi/AFP/Getty Images

Good morning. The markets might have been closed over the weekend, but the break has offered little respite for those who might have hoped for some sign that Donald Trump would consider a change to his tariffs policy.

With White House officials and the president himself insisting that their plan was the right one despite the global economic meltdown it has induced, the market sell-off in response continued in earnest this morning in Asia – and traders in Europe and the US will be braced for more of the same later today.

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