India, March 31 -- Asian stocks slumped on Monday as investors braced for U.S. President Donald Trump's reciprocal tariffs beginning April 2. Trump announced that the upcoming tariffs on U.S. imports would apply to all nations, not just a select few.
It is feared that Trump's economic policies and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates elevated and drag down global economic growth.
The Trump administration is optimistic about U.S. growth prospects, but several key indicators that experts are monitoring suggest that the U.S. was being pushed into a recession.
A weaker dollar and falling bond yields lifted bullion to a new record high above $3,100 per ounce in Asian trading, while oil wa...