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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden in London and Callum Jones in New York

Global stock markets come under pressure amid ‘Trump tariff tantrum’

Donald Trump United Kingdom Europe Euro United States Canada Mexico China
Screen at Spain’s IBEX stock exchange
Germany’s DAX index fell by 1.5%, while Spain’s IBEX (pictured) dropped 1.2% and Italy’s FTSE MIB lost 0.7%. Photograph: Vega Alonso Del Val/EPA

Global stock markets came under pressure after Donald Trump signed off on new US tariffs on China, Canada and Mexico, prompting fears of a trade war.

Markets recovered some of their losses early on Monday after it emerged that the US president had agreed to delay new duties on goods from Mexico for a month, sparking hopes of a reprieve.

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