Global stocks sell off ahead of Monday open as fresh Trump comments on tariffs have investors skittish

News Snapshot:

World share markets were in a tailspin on Monday in Asia after U.S. President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to recession. Trump’s comments to reporters on Air Force One seemed to dash hopes the levies would be more limited. Trump is due to receive tariff recommendations on Tuesday and announce initial levels on Wednesday, followed by auto tariffs the day after. Seeking any safe harbor from the trade storm, investors piled into sovereign bonds and the Japanese yen, while lifting gold prices to another all-time high. “For the...