Markets Drop Over Trump Tariffs, World Braces For His Next Moves

Global financial markets fell on Monday over tariffs imposed on Canada, Mexico, and China by US President Donald Trump, while world leaders steeled themselves to respond to his next moves, with the European Union potentially next in line.

- Reuters

Trump said his tariffs on the three largest US trading partners, which take effect on Tuesday, might cause Americans some short-term pain, but "long term, the United States has been ripped off by virtually every country in the world."

Global stock markets and currencies tumbled over concerns that the tariffs would trigger an economically damaging trade war.