💨 Abstract

On Monday, global share markets fell sharply and gold surged to a new record due to fears of a global trade war leading to a potential recession. President Trump's comments suggesting tariffs would cover all countries stoked these worries. European and Asian markets also suffered losses, while investors sought safety in sovereign bonds and gold. Economists are concerned that tariffs could negatively impact the U.S. economy and limit the Fed's ability to cut rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖