Stocks fall again as Trump tariff jitters continue

The dollar index, which measures the value of the US currency against six peers, had sunk 1.9% on Thursday, the sharpest drop since November 2022, but on Friday it steadied, rising by 0.35%.

Oil prices fell sharply as traders worried that the tariffs could slow economic growth and worsen trade disputes.

The price of a barrel of Brent crude slumped more than 6% to $65.35 a barrel.

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the new tariffs clearly represent a significant risk to the global outlook at a time of sluggish growth.

She said the IMF was still looking into the macroeconomic implications of the measures and stressed the need to avoid actions that could do more damage to the global economy.

Trump tariffs

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