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Trump's trade war alarms global markets/ Stocks fall, oil prices rise
2025-03-31 12:53:22 / BOTA
Donald Trump's trade war is alarming global markets, sending stocks into their worst month in more than two years.
Stock markets across the Asia-Pacific region are in retreat this morning as investors fear Trump will announce new tariffs on Wednesday, which has been dubbed "Liberation Day" by the US president.
Japan's Nikkei lost 3.9%, falling 1,457 points to 35,662 points today, while South Korea's KOSPI fell 3%, Australia's S&P/ASX 200 fell 1.7%.
In China, which has already been hit by Trump's tariffs this year, the CSI 300 is 0.9% lower.
The MSCI global stock index had fallen about 4.5% since the beginning of March.
According to The Guardian , today is considered the worst month since September 2022.
Trump's threats have also had an effect on oil, with crude oil prices rising about 0.66% this morning after the US president threatened to impose secondary tariffs on buyers of Russian oil.
"If a deal is not made and if it is thought to be Russia's fault, I will impose secondary sanctions on Russia," Trump told NBC.
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