Trump tariff trade war – inflation, economic shock, hit to consumers, supply chain chaos

The news over the weekend:

• White House says Trump has signed order to impose tariffs on Canada, Mexico and China

Set the stage for a stock and FX collapse:

• Early Monday – Trump tariffs slam Stocks, surge the USD

Trump has promised economic pain for the US:

• Trump inflicts economic pain on Americans with his tariff war launch

New Zealand is the first market to open, showing what to expect in the new dy ahead:

• New Zealand benchmark equity index, S&P/NZX 50 falls nearly 2%

The Financial Times with their recap of the weekend Trump tantrum:

This article was written by Eamonn Sheridan at www.forexlive.com.