Instability hits global markets as Trump tariffs kick in

Asian and European shares slid on Wednesday after U.S. President Donald Trump’s latest tariff hikes took effect and he threatened to add still more.

Uncertainty is running high about what Trump will do next in his trade war. In a speech Tuesday night he said plans tariffs on pharmaceuticals so that more medications would be made in the U.S.

Trump’s latest tariffs include a massive 104% levy on U.S. imports of Chinese products. However,…