World shares fall further, with Tokyo down nearly 4%, as Trump threatens still more tariff hikes [Globe and Mail, The (Toronto, Canada)]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Globe and Mail, The
Uncertainty is running high about what Trump will do next in his trade war. In a speech Tuesday night he said plans tariffs on pharmaceuticals so that more medications would be made in the U.S. European markets extended their losses. Germany’s DAX slipped 2.5% to 19,762.13. In Paris, the CAC 40 declined 2.6% to 6,917.13. Britain’s FTSE 100 gave up 2.6% to 7,704.82. Although Trump's latest tariffs include a massive 104% levy on U.S. imports of Chinese products, markets in China reversed early losses, gaining ground on Wednesday. Massive share buybacks by big state-run investment funds and other state companies that often are instructed to support the market in times of crisis helped boost stock prices. Investors also are expecting the government to step up spending and other measures to help counter the impact of the tariffs, which will hit hardest the small manufacturers and traders that create the most jobs. Beijing issued a policy paper Wednesday reiterating China's right to pro
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