Bonds & Stocks
Europe’s equity rally paused and bonds extended their slide after President Donald Trump’s latest tariff threats stoked concern about a widening trade war.
Economy
President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the president’s trade war.
World
Trump has so far raised the levy on Chinese goods, delayed others on Mexico and Canada, set tariffs on imported steel and aluminum starting next month, and directed his team to draw up duties for any country imposing them on U.S. goods.