UK and US markets tumble as Trump tariffs spook investors [Yahoo! Finance]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: Yahoo! Finance
London's blue-chip index retreated from record highs on Monday to drop more than 109.4 points to 8,761.9, a 1.2% fall. In the US, the S&P 500 plummeted more than 1.6% after opening – while the Dow Jones was 1.5% in the red. It means S&P 500 returned to levels seen before November's US election, with the so-called Trump Bounce, as coined by some investors, wiped out entirely. The falls came after US President Donald Trump moved forward with planned tariffs against Canada and Mexico, and doubled the levy on Chinese imports. After initially pausing the tariffs, Mr Trump said that starting just past midnight local time, imports from Canada and Mexico would now be taxed at 25%, with Canadian energy products receiving 10% tariffs. In addition, the 10% tariff that Mr Trump placed on Chinese imports in February is doubling to 20%. The move was followed swiftly by retaliatory action from Canada and China. European stock indices saw even sharper drops, with the Dax in Germany sin
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