Global shares largely fall as Trump ramps up tariff threats

Stock markets largely retreated as Trump ramped up his commerce conflict. File | Photo Credit: #Reuters

Global inventory markets largely retreated on Friday (July 11, 2025) as U.S. President #Donald Trump ramped up his commerce conflict, threatening a better blanket tariff and a 35% levy on Canada.

Mr. Trump dampened earlier optimism by firing off greater than 20 letters to governments outlining new tolls if agreements aren’t reached by August 1.

#Bitcoin in the meantime pushed on with its climb, reaching an all-time excessive above $118,000.

The greenback and oil costs each gained.

“The optimism from earlier in the week… is giving way to fears of an impending tariff surprise as the weekend approaches,” mentioned Jochen Stanzl, chief market analyst at CMC Markets.

In Europe, #Paris and #Frankfurt inventory markets every dropped round 1%.

Investors had been awaiting information of Trump’s new tariff degree concentrating on the #European Union, with a letter anticipated by the top of the week.

London’s FTSE 100 and the pound retreated additionally after knowledge confirmed the UK economic system unexpectedly shrank in May — its second consecutive month-to-month decline.

That adopted a blended session in Asia the place #Hong Kong rose, #Tokyo fell and Shanghai flattened by the shut.

Mr. Trump dialled up his commerce conflict rhetoric Thursday, warning that Canada confronted a 35% tax, whereas different nations can be handed blanket tariffs of as much as 20 %, from the present 10 %.

That got here after he outlined plans to impose 50-percent tariffs on copper imports, whereas threatening 200 % levies on prescription drugs, and hit Brazil with a brand new 50 % cost.

The strikes are the newest by the White House in a marketing campaign it says is aimed toward ending many years of the United States being “ripped off”.

Mr. Trump’s preliminary bombshell announcement of tariffs on April 2 despatched markets into turmoil till he paused them for 3 months and the newest measures have had much less impression.

All three major indices on Wall Street rose Thursday (July 10, 2025), with the S&P 500 and Nasdaq hitting recent peaks, hours after the FTSE 100 in London achieved an all-time excessive.

Shares in BP jumped round 2% in London on Friday after the power large mentioned it anticipated to report greater oil and fuel manufacturing for its second quarter. But the FTSE 100 was down general nearing noon.