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HONG KONG — Shares slid further in Europe and Asia on Friday as markets shuddered while investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs.
The future for the S&P 500 lost 0.8% while that for the Dow Jones Industrial Average shed 1%.
Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” set of tariffs, which economists say carries the risk of a potentially toxic mix of weakening economic growth and higher inflation.
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