India, March 4 -- European stocks may succumb to selling pressure on Tuesday after U.S. President Donald Trump paused all military aid for Ukraine to ensure that it will contribute to a solution.
Trump also confirmed tariffs on Mexico, Canada and China, stirring concerns about inflation and a possible global recession.
While Canada responded by imposing a 25 percent tax on $155 billion worth of American goods, Beijing has warned that it would take countermeasures.
Asian markets were mostly lower, with Japan's Nikkei seeing the biggest drop on fears the retaliatory tariffs could escalate into a full-blown trade war.
Trump said on Monday he told leaders of Japan and China they cannot continue to reduce the value of their currencies as doi...