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Tuesday, 28 July 2026

Markets Brief

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Business

Asian stocks slide as Trump hits more than 80 countries with new tariffs – business live

Asian stocks slide as Trump hits more than 80 countries with new tariffs – business live

Trump’s fresh round of trade tariffs will add more ⁠uncertainty to the ⁠world ​economy, the Bank of France governor Emmanuel Moulin ⁠has said this morning.

Moulin said that while Trump should abide by ‌the terms of the 2025 trade deal struck with the ​EU at Trump’s Turnberry golf course, the new levies could still disrupt the global economy.

For Europe, it ought not to ⁠change much because we have the Turnberry ​agreement ​which should be ​respected by Donald Trump. But obviously ​it ‌creates more ​uncertainty ​for world trade and clearly it’s not favourable for growth.

The United States has had a forced labour import ban for nearly a century, and rigorously enforces it; it’s well past time for our trading partners to do the same.

I am encouraged by the trading partners who have moved quickly to adopt forced labor import prohibitions, and look forward to ensuring their effective enforcement.”

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