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America’s trading partners wrestled with responses to U.S. President Donald Trump's blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission offered mutual reduction of tariffs - while warning that retaliation was an option too. China has already hit back against the U.S. with retaliatory tariffs and similar actions from Europe and elsewhere remain a significant possibility. The U.S. and the EU had a zero-for-zero deal on wine and spirits from 1997 to 2018, and reducing many tariffs to zero was a goal of complex negotiations for a US-Europe free-trade deal before negotiations stalled in 2016.

Shares in British sportswear retailer JD Sports Fashion underperformed a stock market rout on Monday, reflecting both its heavy exposure to key partner Nike and U.S. tariffs. Ahead of a trading and strategy update scheduled for Wednesday, shares in JD Sports were down 6%, taking losses over the last month to over 18%. The FTSE 100 index of blue chip stocks was down 4% on fallout from U.S. President Donald Trump's tariff announcement last week.

(Bloomberg) -- The carnage in financial markets worsened on Monday with stressed-out investors abandoning hopes that President Donald Trump would change his tariff policy.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsWhat Would ‘Transportation Abundance’ Look Like?Stocks tumbled, t

Argentina's mortgage market, for years almost non-existent due to spiraling triple-digit inflation and high borrowing costs, is starting to show signs of coming back to life under the pro-market reforms of libertarian President Javier Milei. Monthly new mortgages in Buenos Aires province, home to 40% of the country's population, hit the highest level since 2018 at the start of the year, data from the local college of notaries show. Milei, a bombastic economist who took office in late 2023, has shaken up the country with tough austerity and cost-cutting, which has helped bring down inflation, overturn a deep fiscal deficit, and boost confidence among investors and banks.

LONDON (Reuters) -Vanguard's UK online investment platform experienced IT problems for several hours on Monday with clients facing delays in accessing account information, as global markets slid following U.S. President Donald Trump's tariff announcements. Hundreds of Vanguard customers experienced problems accessing services in morning trading hours in the UK, according to outages tracking website Down Detector. The technical problems have since been resolved, Vanguard said in an updated statement on Monday afternoon.

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Global stocks are slumping Monday, extending their rout, as President Donald Trump's sweeping reciprocal tariffs and China's retaliatory duties sparked a flight into haven assets and raised fears of a U.S. recession.