Global stock markets tumbled Monday after Trump signaled that new tariffs set for announcement this week would affect “all countries,” according to The Guardian. The move intensified fears of a broadening trade war. Asia-Pacific markets dropped sharply, led by declines in Japan and South Korea. The selloff extended to Europe, pulling down significant indexes in the UK, Germany, and France. Goldman Sachs raised its U.S. recession risk forecast to 35% and warned of further equity losses.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Stock markets tumbled Monday after Trump signaled a new tariff set for announcement
00:06this week would affect all countries. And according to the Guardian,
00:10the move intensified fears of a broadening trade war.
00:12Asia-Pacific markets dropped sharply, led by declines in Japan and South Korea.
00:17The sell-off extended to Europe, pulling down major indexes in the UK, Germany and France.
00:22Goldman Sachs raised its U.S. recession risk forecast to 35 percent and warned of further
00:27equity losses.
00:28For all things money, visit Benzinga.com.