Fresh Trump tariff threats blunt risk appetite

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Asian stocks erased Monday’s gains following the selloff in US equities overnight, as US President Donald Trump appeared to have launched into a fresh tariff tantrum. The US administration has proposed tariffs on $2.4 billion worth of French goods, in response to France’s digital tax that the US government says hurts American tech companies such as Google, Facebook, and Amazon. This announcement by the office of the United States Trade Representative follows President Trump’s tweets saying that he will reinstate steel and aluminum tariffs on Brazil and Argentina.

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