Trade fears erase over $2 trillion from global stocks in May
Global stock markets shed over $2 trillion in value in May as the U.S.-China trade conflict escalated, with fears of a trade-related economic slowdown intensifying on Friday after U.S. President Donald Trump threatened Mexico with tariffs.
Washington says it will impose a 5% tariff on Mexican goods beginning June 10, which would then rise steadily to 25% until illegal immigration across the countries` border is stopped. Image source: Reuters