Financial markets around the world have been slammed Donald Trump Widespread tariffs of administration on their business partners and China’s sharp vengeance.
The stock markets have recorded their biggest decline since the Covid-19 epidemic hit in 2020, as the possibility of American recession has increased. Iron ore, copper, oil, gold and Australian dollars are all tumbles.
On Wall Street, the major index has fallen by about 10 percent since the announcement of tariffs, while Tech-Havi Nasdaq is 20 percent below its recent peak. European and Asian markets have also slipped.
In Australia, the lead S&P/ASX 200 on Monday announced more than seven percent since the announcement of another 4.2 percent decline at the last -viewed levels in December 2023.
