Web Desk: Global markets took a pummeling today as Trump’s eye-watering 104pc tariffs on China came into effect, and a savage selloff in US bonds sparked fears that foreign funds were fleeing US assets.
This week has already brought crisis-era volatility to markets, wiping trillions of dollars off the value of stocks and hammering commodities and emerging markets.
Shares of big US banks fell pre-market, extending tariffs-induced losses after China announced its 84pc tariffs on US goods.
On the other hand, Oil prices extended their four-year lows.
