2 weeks ago
15
Shares in the US have bounced back, despite tariff fears hitting stocks in Asia and Europe after US President Donald Trump suggested that he was planning import taxes that could hit all countries.
According to the BBC, Trump’s comments came as he prepares to unveil a massive slate of import taxes on Wednesday, in what he has called America’s “Liberation Day”.
These will come on top of Trump’s recent import taxes on aluminium, steel and cars, along with increased levies on all goods from China.
The tougher stance from Trump has increased nervousness about a trade war hitting the global economy.
Trump has offered conflicting signals about the scope of the expected tariffs, which have helped drive steep declines in the US stock market over the last month.
Last week, he had raised the possibility that many countries could receive “breaks”.
But over the weekend, he appeared to be leaning toward a more wide-ranging plan.
The UK has said it expects to be affected by US tariffs and is not ruling out retaliating.
English (US) ·