Global stock markets fall as new Trump tariffs loom

Threat of deepening trade war on eve of Trump's Liberation Day' spooks investors across US, Asia-Pacific and Europe

Stock markets across the world fell heavily on Monday after Donald Trump suggested that new tariffs he is expected to announce this week would hit all countries".

Shares fell across Asia-Pacific markets, in Europe and in the US after the US president crushed hopes that reciprocal tariffs" expected on Wednesday would target only countries that have the largest trade imbalances with the US.