Global stocks pummeled by Trump's tariffs, safe-havens surge

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Global stocks pummeled by Trump's tariffs, safe-havens surgeGlobal stocks are set to take another beating on Friday after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month. U.S. stock futures lost 0.25% in early Asian trade after the S&P 500 lost 0.90% to hit one-month lows. Trump's move breaks a truce in the trade war struck in June and could further disrupt global supply chains.


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