Business reporter
ReutersUS stocks have dipped following market slumps in Asia and Europe after US President Donald Trump suggested that new tariffs could hit all countries.
Trump’s comments came as he prepares to unveil a massive slate of import taxes on Wednesday, in what he has called America’s “Liberation Day”.
These will come on top of Trump’s recent import taxes on aluminium, steel and cars, along with increased levies on all goods from China.
The tougher stance from Trump has increased nervousness about a trade war hitting the global economy.
Trump has offered conflicting signals about the scope of the expected tariffs.
Last week, he had raised the possibility that many countries could receive “breaks”. But over the weekend, he appeared to be leaning toward a more wide-ranging plan.
“You’d start with all countries,” Trump told reporters on Air Force One on Sunday. “Essentially all of the countries that we’re talking…
