Global Markets Brace For Turbulence

Investors around the world are bracing for another tough week after U.S. tariffs took effect.

Chinese markets faced a “grim Monday,” Bloomberg wrote, as Beijing retaliated with punitive tariffs and Taiwanese regulators imposed temporary controls on short selling to try to limit volatility.

In a sign of what could happen after Monday’s open, Middle Eastern markets suffered their worst losses of 2020 in trading on Sunday.

Wall Street just had its worst week in five years, with uncertainty leading companies to cancel initial public offerings and dampening hopes of a trading recovery.

U.S. Treasury Secretary Scott Bessant once again dismissed recession fears, saying on Sunday that markets “continue to underestimate Donald Trump.”

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