When U.S. President Donald Trump won the 2024 presidential election in November last year, markets were in a relatively buoyant mood.Talk of deregulation and tax cuts drove consumer sentiment, while easing inflation led investors to believe multiple Fed rate cuts would come,

European stock markets fell on Thursday and Wall Street was set to open lower, as shares in some of the world's biggest carmakers tumbled after U.S. President Donald Trump announced new tariffs on auto imports.

Asian Shares Sag After Trump Raises Tariffs on Auto Imports TOKYO (AP) — Shares sagged Thursday in Asia, apart from China, after President Donald Trump announced he will slap 25% tariffs on imported cars.