Asia markets slumped on Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears that another bruising ‘America First’ trade war that could hit global growth.

U.S. stock index futures tumbled on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico,

US President Donald Trump has ordered tariffs on Canada, Mexico, and China, that will start on Tuesday. Investors fear that the tariffs will increase inflation and slow Federal Reserve rate cuts. Markets in Asia and US futures fell on Monday, while the dollar ticked up.

Asian shares slid on Monday morning after US President Donald Trump followed through on his promise to impose tariffs on Canada, Mexico and China. Investors are bracing for a potential trade war that could hit the earnings of major companies and dent global growth.

President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation.

Donald Trump hit Canada, Mexico and China with steep tariffs on Saturday, and oil and gas groups are relying more heavily on carbon offsets to reach climate targets. Plus, EU governments are exploring ways to include the UK and Norway in a “coalition of the willing” dedicated to ramping up the continent’s defence.

Investors bought dollars, sold stocks and fretted about inflation on Monday in a scramble to assess the risk of a trade war after Donald Trump put tariffs on top U.S. trading partners. Trump's orders for additional levies of 25% on imports from Mexico and most goods from Canada,

Trump knows the United States has more leverage over its neighbors than they do over his country. But exploiting that position of strength could cause a historic rupture.

US President Donald Trump’s tariffs on China and other countries are rocking markets and casting a pall over Chinese firms seeking to go public.

Major stock markets in the Gulf fell in early trade on Monday in line with Asian shares, after U.S. President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broader trade war and a hit to global growth.