Summary
- Markets choppy amid Trump’s escalating trade war with China
- Investors flock to safety of gold, bond rout continues
- U.S. says 75 countries want trade talks
- Vietnam, Japan, Taiwan push ahead with negotiations
- EU pauses counter-measures, to discuss response
A week of turbulence unleashed by U.S. President Donald Trump’s tariffs showed little sign of easing on Friday, with financial markets again whipsawing and foreign leaders grappling with how to respond to a dismantling of the world trade order.
A brief reprieve for battered stocks seen after Trump decided to pause duties for dozens of countries for 90 days quickly dissipated, as attention returned to his escalating trade war with China that has fuelled global recession fears.