Premarket: Global stocks and oil tumble after Trump tariff plans

News Snapshot:

World stock markets and oil prices tumbled and investors dashed to the relative safety of bonds, gold and the yen on Thursday, as President Donald Trump’s drastic U.S. trade tariffs stirred widespread fears of a global recession. A new baseline 10% tariff on imported goods plus some eye-watering additional ‘reciprocal’ tariffs on countries Trump said put high trade barriers on the U.S., left traders clearly rattled. In Europe, where the 27 country EU bloc now faces a 20% reciprocal levy, bourses lurched between 1.3% and 2% lower early on as Brussels and other capitals in the region were left in...