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The BBC is reporting that stock markets fell sharply in the US on Monday as investors raised concerns about the negative economic impact of President Donald Trump’s tariffs.
It followed the president saying in a TV interview that the world’s biggest economy was in a “period of transition”, when asked about suggestions of a potential recession.
Since those remarks were broadcast on Sunday, top Trump officials and advisers have sought to calm investor fears.
Stocks fell sharply at first in Asia on Tuesday, but then recovered some ground. In Europe, most of the major markets opened higher.
In a Fox News interview broadcast at the weekend but recorded on Thursday, Trump appeared to acknowledge concerns about the economy.
On Monday in New York, the S&P 500, which tracks the biggest companies listed in the US, ended the trading day 2.7 per cent lower, while the Dow Jones Industrial Average dropped 2 per cent.
On Tuesday, Asian stocks fell sharply at first before recovering.
Japan’s Nikkei 225 closed down 0.6 per cent and South Korea’s Kospi ended 1.3 per cent lower.
The dollar slid further against the pound and the euro on Tuesday, having fallen sharply since the beginning of the month.
The tech-heavy Nasdaq was hit particularly hard, sinking 4 per cent.
English (US) ·