After President Trump imposed tariffs on imports from Mexico, Canada, and China, global stock markets experienced a sharp downturn. Key indices in Asia, including Japan's Nikkei and Hong Kong's Hang Seng, fell significantly. In Europe, the STOXX 600 index dropped, with notable declines seen in Germany's DAX and the UK's FTSE 100. The automotive sector was heavily impacted, alongside a strengthened dollar against multiple currencies. President Trump suggested potential for upcoming tariffs on the EU while indicating a possibly lenient approach towards the U.K.
President Trump's tariff imposition triggered significant declines in global stock markets, leading to a strong dollar and increased oil prices on Monday.
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