Reported about 15 hours ago
Asian shares declined and the dollar gained strength on Monday after U.S. President Donald Trump announced imminent tariffs on steel and aluminum imports, raising concerns about inflation and economic impacts. Trump's planned 25% tariffs, alongside potential reciprocal tariffs from the EU, risk escalating a trade war. Investors reacted by pushing the dollar higher, while Asian markets, including Japan and South Korea, experienced declines. Goldman Sachs warned that these tariffs could significantly impact earnings forecasts and investor sentiment.
Source: YAHOO