Donald Trump's impending announcement of universal tariffs has spooked global markets, leading to substantial declines across Asia-Pacific stock indices. The Nikkei dropped by 3.9%, KOSPI fell 3%, and the S&P/ASX 200 declined 1.7%. Following bad economic news from the U.S., including rising inflation and decreased consumer sentiment, stocks have seen their worst month since 2022. Analysts stress that trade policy uncertainty is straining growth and contributing to persistent inflationary pressures, resulting in a bearish outlook in the financial markets.
Donald Trump's trade war is alarming global markets, sending shares sliding in the worst month in over two years, causing significant declines across major indices.
The latest selloff comes after Trump indicated that new tariffs would target all nations, not just those with large trade imbalances, which spooked investors.
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