Asian stocks extend global rout after Trump's shock tariff blitz

The US has started a trade war. (Image: NZME)

Fri, 04 Apr 2025

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.The US president's harsher-than-expected "Liberation Day" levies sent shockwaves through markets on Thursday, with Wall Street suffering its worst day since the early days of the covid-19 pandemic and the dollar tanking against major peers.As stocks were falling off a cliff on Thursday, the 78-year-old Republican insisted they would "boom&quo...

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