U.S. and global stock markets plunge after new Trump tariffs

The American and global stock markets have plunged on Thursday, following Donald Trump’s announcement of a new 10 per cent tariff on all imports to the United States. 

The double-digit tariff hikes sent shivers across world markets with economists warning about the risk of recession. 

In the U.S., the S&P 500 fell 3 per cent at the market opening. Dow Jones Industrial Average futures lost 3.7 per cent and The Nasdaq slid 4.5 per…