Stock market news
• Whatever investors expected from Donald Trump's tariff threats or from the retaliatory measures of the countries they targeted, they may have ended up getting more than they bargained for. Stock indices saw a sharp sell-off in Asia and, judging by futures prices for the U.S. S&P 500 index and the pan-European STOXX 50 index, sharp declines were expected worldwide.
• Short-term bonds sold off, as did virtually every currency except the U.S. dollar. Some investors expected Trump to soften his threat of 25% tariffs on neighbors Canada and Mexico and perhaps hold off...
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