Economists have broadly predicted Trump’s tariffs will raise prices and harm the economy.
Justin Baldoni Vs. Blake Lively Feud Explained: He Reveals Texts, Emails From “It Ends With Us” Set On New WebsitePresident Donald Trump said he spoke with Canadian Prime Minister Justin Trudeau Monday morning as fallout continues from Trump’s decision to impose sweeping tariffs on imports from Canada , Mexico and China, with global markets bracing for a trade war while Canadian leaders ramped up their retaliation against Trump’s taxes by banning American products.
Ether, which is the world’s second most valuable crypto token by market cap, was hit even harder as it price has crashed more than 15% in the previous 24 hours to around $2610. The president’s own meme crypto token $TRUMP also took a hit, as its price slid more than 13.5% in the previous 24 hours to $17.80. Unlike other major crypto tokens, however, $TRUMP has been on a downward slide since its explosive launch and had shed more than 30% of its value just in the last week.The U.S. stock futures slumped early on Monday as global markets braced for the fallout of President Donald Trump’s decision to impose sweeping tariffs on imports from Canada, Mexico and China.
As of early Monday morning Dow Futures was down to 44,113, falling 1.3%, while the tech centric NASDAQ Futures saw an even sharper slump of 1.6% to 21,227. S&P 500 Futures were also hit by the selloff, dropping 1.4% to 5,980.Major Asian stock indices were also hit by a selloff amid trade war concerns with Japan’s Nikkei 225 index falling 2.66%, Australia’s S&P/ASX 200 dropping 1.79%, South Korea’s KOSPI index down 2.52% and India’s BSE Sensex down 0.41%.
In China, the Shanghai Stock Exchange’s Composite Index closed relatively flat, only 0.06% in the red, while the Shenzhen-based SZSE Component Index—which focusses on tech companies and small cap private enterprises—took a bigger hit and dropped 1.33%.the country will come out with more details Monday morning on its countermeasures against the U.S.
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