Global stocks fall after Donald Trump’s tariff talk
Stocks were not helped by the IMF cutting its forecast for world economic growth, saying a sharp downturn could require world leaders to co-ordinate stimulus measures
London — World stocks slipped below the six-month high they reached earlier this week as US President Donald Trump threatened more tariffs against the EU, though the prospect of European Central Bank (ECB) largesse kept them from falling too far. Trump threatened on Tuesday to impose tariffs on $11bn worth of EU products in a long-running dispute over aircraft subsidies, opening a new front in his global trade war. US and Asian stocks fell, and the MSCI world equity index, which tracks shares in 47 countries, dropped below the six-month low reached earlier in the week. "Risk assets have been threatening to take their foot off the pedal in recent sessions and yesterday we finally saw that with a delayed reaction to the US-EU tariff headlines," said Deutsche Bank's chief market strategist Jim Reid. But after falling the day before, European stocks rose slightly on hopes the ECB would propose some supportive policy when it met later on Wednesday. A pan-European index of shares was up 0...
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