Global stock markets tumbled Monday after Trump signaled that new tariffs set for announcement this week would affect “all countries,” according to The Guardian. The move intensified fears of a broadening trade war. Asia-Pacific markets dropped sharply, led by declines in Japan and South Korea. The selloff extended to Europe, pulling down significant indexes in the UK, Germany, and France. Goldman Sachs raised its U.S. recession risk forecast to 35% and warned of further equity losses.
