Global markets recover tentatively amid tariffs drama as investors fret over what comes next

Challenges will persist

Sorin Dojan
clock • 3 min read

Markets are seeing tepid growth after US President Donald Trump unleashed a series of tariff threats and measures over the weekend, which initially prompted a dip in indices and currencies.

On Saturday (1 February), Trump launched a new global trade conflict, initially imposing 25% levies on imports from Canada and Mexico, and a 10% tax on Chinese goods. News of the tariffs rattled markets, with the S&P 500 falling from a 6,040 peak at market closing on Friday (31 January) and continuing to fall to 5,953 on Monday (3 February) morning, while the tech-heavy Nasdaq Composite took a similar dip from 19,627 to 19,252 over the same period, according to data from MarketWatch. Trump's tariff barrage will test strength of UK 'special relationship' Both have made a cautious up...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on US

US adds 151,000 jobs in February as unemployment rate ticks up
US

US adds 151,000 jobs in February as unemployment rate ticks up

Unemployment at 4.1%

Sorin Dojan
clock 07 March 2025 • 2 min read
Trump to go ahead with Mexico and Canada tariffs from 4 March
US

Trump to go ahead with Mexico and Canada tariffs from 4 March

Latest in US trade war

Sorin Dojan
clock 27 February 2025 • 1 min read
SEC bolsters fraud fight with launch of cyber and emerging technologies unit
US

SEC bolsters fraud fight with launch of cyber and emerging technologies unit

Fighting cyber-related misconduct

Sorin Dojan
clock 21 February 2025 • 1 min read
Trustpilot