Impact of Trade War on Global Markets

SOURCE www.npr.org
Asian shares tumbled as worries about inflation and a slowing U.S. economy due to the trade war intensified. Gold hit a record high. Stock markets worldwide are shaky as more tariffs loom. Investors turned to traditional safe havens like gold.

Key Points

  • Gold price hits record high
  • Asian shares tumble
  • Worries about worsening inflation and slowing U.S. economy due to trade war
  • Stock markets worldwide appear shaky as more tariffs loom

Pros

  • Investors seeking safe havens like gold

Cons

  • Asian shares falling
  • Worries about inflation and slowing U.S. economy
  • Stock markets worldwide shaky as more tariffs approach