Markets plunge as Trump tariffs threaten global trade system
Asian indexes fell sharply on Monday in the wake of US President Donald Trump's tariffs, with Hong Kong's Hang Seng index marking its worst day since the 1997 Asian financial crisis. Meanwhile, European trade ministers meet in Luxembourg to formulate a response – hoping for a negotiated solution but preparing to retaliate.
Asian indexes fell sharply on Monday in the wake of US President Donald Trump's tariffs, with Hong Kong's Hang Seng index marking its worst day since the 1997 Asian financial crisis. Meanwhile, European trade ministers meet in Luxembourg to formulate a response – hoping for a negotiated solution but preparing to retaliate.
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