US EditionEmerging markets fund is on track for biggest drop since 2020 due to tariff fears
- On Friday, the iShares MSCI Emerging Markets ETF faced its largest drop since June 2020.
- Fears of a global trade war stemming from retaliatory tariffs by President Trump triggered the market reaction.
- The fund traded around 5% lower, and is on pace to lose more than 6% this week, down over 2% YTD.
- Torsten Slok of Apollo Global Management said a trade war would negatively affect countries more than the U.S.
- Asian shares slid, and economists warned the tariffs could weaken economic growth and raise inflation.
13 Articles
13 Articles
Trump’s tariffs slam world markets in the biggest blow since the pandemic hit in 2020 - Boston News, Weather, Sports
Shares slid further in Europe and Asia and U.S. futures also fell Friday as investors counted the potential costs of U.S. President Donald Trump’s latest
Trump’s tariffs slam world markets in the biggest blow since 2020
Shares slid further in Europe and Asia and U.S. futures also fell Friday as investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs. Trump announced a minimum tariff of 10% on global imports, with the tax rate running much higher on products from certain countries like China and those from the European Union. Smaller, poorer countries in Asia were slapped with tariffs as high as 49%. Everything from crude oil…
Trump’s Tariffs Deliver Biggest Shock to Global Markets Since Pandemic
HONG KONG — Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” s…
The Latest: Trump's tariffs slam world markets in the biggest blow since the pandemic hit in 2020
Asian shares slid further Friday after U.S. President Donald Trump's tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020.
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