Trump’s Tariffs Jolt Global Stocks, Lift Safe-Haven Assets

Trump’s Tariffs Jolt Global Stocks, Lift Safe-Haven Assets

Friday, August 02, 2019
Globalstocks took another beating on Friday while investors piled on to safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.51% to its lowest level since mid-June while Japan’s Nikkei tumbled 1.91%.

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