Stock markets stumbled on Monday as Donald Trump pushed ahead with fresh tariffs on the US’s trading partners despite a supreme court strike-down and growing opposition from domestic voters.
Uncertainty over the status of global trade deals spooked investors, triggering a drop in US shares prices including on the Dow Jones industrial average, which tumbled 1.6% by Monday’s closing. The S&P 500 and Nasdaq 100 fell 1.4% and 1.1%, after losses for European stock markets.
