A global trade war touched off by President Donald Trump's sweeping tariffs escalated further on Monday, as Trump threatened to increase duties on China and the European Union proposed counter-tariffs of its own.
Financial markets across the globe posted a third day of losses as investors worried that steep trade barriers around the world's largest consumer market could lead to a recession. The S&P 500 closed lower after a rollercoaster session in which it touched its lowest level in more than a year.
kAm%CF>A D2:5 E96 E2C:77D � 2 >:?:>F> @7 `_T 7@C 2== &]$] :>A@CED[ H:E9 E2C86E65 C2E6D @7 FA E@ d_T � H@F=5 96=A E96 &?:E65 $E2E6D C642AEFC6 2? :?5FDEC:2= 32D6 E92E 96 D2JD 92D H:E96C65 @G6C 564256D @7 EC256 =:36C2=:K2E:@?]k^Am
kAmQxEVD E96 @?=J 492?46 @FC 4@F?ECJ H:== 92G6 E@ C6D6E E96 E23=6] q642FD6 ?@ @E96C AC6D:56?E H@F=5 36 H:==:?8 E@ 5@ H92E xV> 5@:?8[ @C E@ 6G6? 8@ E9C@F89 :E[Q 96 E@=5 C6A@CE6CD 2E E96 (9:E6 w@FD6] Q}@H[ x 5@?VE >:?5 8@:?8 E9C@F89 :E 3642FD6 x D66 2 362FE:7F= A:4EFC6 2E E96 6?5]QÂ k^Am
kAm%CF>A DA@<6 9@FCD 27E6C 96 C2E496E65 FA 2 4@?7C@?E2E:@? H:E9 r9:?2[ E96 H@C=5VD }@] a 64@?@>J]k^Am
kAm%CF>A D2:5 96 H@F=5 :>A@D6 2? 255:E:@?2= d_T 5FEJ @? &]$] :>A@CED 7C@> r9:?2 @? (65?6D52J :7 :E 5:5 ?@E H:E95C2H E96 bcT E2C:77D :E 925 :>A@D65 @? &]$] AC@5F4ED =2DE H66<] %9@D6 r9:?6D6 E2C:77D 925 4@>6 :? C6DA@?D6 E@ bcT QC64:AC@42=Q 5FE:6D 2??@F?465 3J %CF>A]Â k^Am
kAm%96 tFC@A62? r@>>:DD:@?[ >62?H9:=6[ AC@A@D65 4@F?E6C\E2C:77D @7 adT @? 2 C2?86 @7 &]$] 8@@5D[ :?4=F5:?8 D@J362?D[ ?FED 2?5 D2FD286D[ E9@F89 @E96C A@E6?E:2= :E6>D =:<6 3@FC3@? H9:D<6J H6C6 =67E @77 E96 =:DE[ 244@C5:?8 E@ 2 5@4F>6?E D66? 3J #6FE6CD]k^Am
kAmQ$@@?6C @C =2E6C[ H6 H:== D:E 2E E96 ?68@E:2E:@? E23=6 H:E9 E96 &]$] 2?5 7:?5 2 >FEF2==J 2446AE23=6 4@>AC@>:D6[Q t& %C256 r@>>:DD:@?6C |2C@D $674@G:4 D2:5 2E 2 ?6HD 4@?76C6?46]k^Am
kAm%96 af\>6>36C 3=@4 :D DECF88=:?8 H:E9 E2C:77D @? 2FE@D 2?5 >6E2=D 2=C625J :? A=246[ 2?5 7246D 2 a_T E2C:77 @? @E96C AC@5F4ED @? (65?6D52J] %CF>A 92D 2=D@ E9C62E6?65 E@ D=2A E2C:77D @? t& 2=4@9@=:4 5C:?<D]k^Am
kAm%CF>A D2:5 9:D 25>:?:DEC2E:@? H@F=5 @A6? EC256 E2=<D H:E9 y2A2?[ @?6 @7 (2D9:?8E@?VD 4=@D6DE 2==:6D :? pD:2[ 2?5 25>:?:DEC2E:@? @77:4:2=D D2J 5@K6?D @7 @E96C 4@F?EC:6D 92G6 C624965 @FE 2D H6== H:E9 E96 9@A6 @7 9625:?8 @77 E96 E2C:77D 2D 9:89 2D d_T 5F6 E@ E2<6 67764E @? (65?6D52J]k^Am
kAm%96 324<\2?5\7@CE9 :?;64E65 7FCE96C EFC3F=6?46 :?E@ 8=@32= 7:?2?4:2= >2C<6ED[ H9:49 92G6 72==6? DE625:=J D:?46 %CF>AVD 2??@F?46>6?E]Â k^Am
kAm&]$] DE@4<D DHF?8 H:=5=J[ DA:<:?8Â 27E6C 2 C6A@CE E92E %CF>A H2D 4@?D:56C:?8 2 h_\52J E2C:77 A2FD6[ E96? EFC?65 ?682E:G6 282:? 27E6C E96 (9:E6 w@FD6 5:D>:DD65 E96 C6A@CE 2D Q72<6 ?6HD]QÂ k^Am
kAm%96 $U2>Aj! d__ =@DE ``]gb A@:?ED[ @C _]abT[ E@ 6?5 2E d[_ea]ge A@:?EDj H9:=6 E96 }2D52B r@>A@D:E6 82:?65 `d]cg A@:?ED[ @C _]`hT[ E@ `d[e_b]ae] %96 s@H y@?6D x?5FDEC:2= pG6C286 76== bch]ae A@:?ED[ @C _]h`T[ E@ bf[hed]e_]k^Am
kAmx? E96 EH@ 52JD 7@==@H:?8 %CF>AVD E2C:77 2??@F?46>6?ED =2DE H66<[ E96 36?49>2C< $U2>Aj! d__ :?56I 5:G65 `_]dT 2?5 =@DE 23@FE Sd EC:==:@? :? >2C<6E G2=F6] xE H2D E96 3:886DE EH@\52J =@DD D:?46 |2C49 a_a_]k^Am
kAmpD:2? 2?5 tFC@A62? D92C6D A=F?865 2D :?G6DE@CD 762C65 E96 5FE:6D %CF>A 92D =:<6?65 E@ Q>65:4:?6Q 4@F=5 =625 E@ 9:896C AC:46D[ H62<6C 56>2?5 2?5 A@E6?E:2==J 2 8=@32= C646DD:@?] v@=5>2? $249D C2:D65 E96 @55D @7 2 &]$] C646DD:@? E@ cdT]k^Am
kAm%CF>A 25>:?:DEC2E:@? @77:4:2=D D2J E96 AC6D:56?E :D 7@==@H:?8 E9C@F89 @? 2 AC@>:D6 E@ C6G6CD6 564256D @7 EC256 =:36C2=:K2E:@? E92E 96 36=:6G6D 92D F?56C4FE E96 &]$] 64@?@>J]Â k^Am
kAmQw6VD 5@F3=:?8 5@H? @? D@>6E9:?8 E92E 96 <?@HD H@C<D[ 2?5 96VD 8@:?8 E@ 4@?E:?F6 E@ 5@ E92E[Q (9:E6 w@FD6 64@?@>:DE z6G:? w2DD6EE D2:5 @? u@I }6HD] QqFE 96 :D 2=D@ 8@:?8 E@ =:DE6? E@ @FC EC25:?8 A2CE?6CD[ 2?5 :7 E96J 4@>6 E@ FD H:E9 C62==J 8C62E 562=D E92E 25G2?E286 p>6C:42? >2?F724EFC:?8 2?5 p>6C:42? 72C>6CD[ xV> DFC6 96V== =:DE6?]QÂ k^Am
kAmr9:?2VD C6E2=:2E@CJ =6G:6D 2C6 E96 7:C>6DE C6DA@?D6 J6E E@ %CF>AVD 2??@F?46>6?E[ H9:49 92D 366? >6E H:E9 36H:=56C65 4@?56>?2E:@? 7C@> @E96C =6256CD] q6:;:?8Â 42==65 %CF>AVD 3692G:@C Q64@?@>:4 3F==J:?8]Qk^Am
kAmp7E6C DE@4<D :? >2:?=2?5 r9:?2 2?5 w@?8 z@?8 4C2E6C65 @? |@?52J[ r9:?2VD D@G6C6:8? 7F?5 DE6AA65 :? E@ ECJ E@ DE23:=:K6 E96 >2C<6E]Â k^Am
kAm$92C6D :? %2:H2? A=F>>6E65 2=>@DE `_T � E96 3:886DE @?6\52J A6C46?E286 72== @? C64@C5]k^Am
kAm(2== $EC66E =6256CD :DDF65 H2C?:?8D @? &]$] E2C:77D]Â Â k^Am
k9cm}6H C62=:EJ @C ?68@E:2E:?8 A=@Jnk^9cm
kAmx?G6DE@CD 2?5 A@=:E:42= =6256CD 92G6 DECF88=65 E@ 56E6C>:?6 H96E96C %CF>AVD E2C:77D 2C6 A6C>2?6?E @C 2 AC6DDFC6 E24E:4 E@ H:? 4@?46DD:@?D 7C@> @E96C 4@F?EC:6D]Â k^Am
kAm$@>6 :? E96 t& H@CCJ E92E 2 7@C467F= C6DA@?D6 C:D<D 6G6? >@C6 3=@H324< @? tFC@A62? 6IA@CE6CD @7 6G6CJE9:?8 7C@> uC6?49 4@8?24 2?5 xE2=:2? H:?6 E@ v6C>2? 42CD]k^Am
kAm'@=<DH286?VD pF5: :D 9@=5:?8 324< 42CD E92E 2CC:G65 :? &]$] A@CED 27E6C pAC:= a 3642FD6 @7 E96 ?6H=J :>A@D65 adT 2FE@ E2C:77] p:C4C27E A2CED DFAA=:6C w@H>6E p6C@DA246 >2J 92=E D@>6 D9:A>6?ED :7 E96J 2C6 :>A24E65 3J E2C:77D[ 244@C5:?8 E@ 2 =6EE6C D66? 3J #6FE6CD]Â Â Â Â k^Am
kAm$@>6 8@G6C?>6?ED :? pD:2 92G6 D:8?2=65 2 H:==:?8?6DD E@ 6?8286]k^Am
kAm%2:H2? !C6D:56?E {2: r9:?8\E6 @? $F?52J @776C65 K6C@ E2C:77D 2D E96 32D:D 7@C E2=<D[ H9:=6 2? x?5:2? 8@G6C?>6?E @77:4:2= D2:5 s6=9: 5@6D ?@E A=2? E@ C6E2=:2E6]Â Â k^Am
kAmx?G6DE@CD 2C6 ?@H 36EE:?8 E92E E96 8C@H:?8 C:D< @7 C646DD:@? 4@F=5 AC@>AE E96 u656C2= #6D6CG6 E@ 4FE C2E6D 2D 62C=J 2D ?6IE >@?E9] %CF>A C6A62E65 9:D 42== 7@C E96 46?EC2= 32?< E@ =@H6C C2E6D @? |@?52J[ 3FE u65 49:67 y6C@>6 !@H6== 92D D@ 72C :?5:42E65 96 :D :? ?@ CFD9]k^Am
