According to reports, global stock markets retreated on Friday as U.S. President Donald Trump escalated trade tensions. Key highlights include:
• Trump threatened higher tariffs, including a 35% levy on Canada.
• Bitcoin surged to over $118,000, while the dollar and oil prices rose.
• European markets dropped around 1% in response to tariff fears.
• Trump’s trade war rhetoric targeted various countries with increased tariffs.
The developments suggest potential volatility in Indian markets and emphasize the importance of monitoring global trade dynamics for Indian investors and businesses.
Source: Business News Today, Latest Finance News | The Hindu