The dollar was rising after U.S. President Donald Trump imposed tariffs on Canada, China and Mexico over the weekend and threatened a similar move on the EU. Tariffs will inevitably boost inflation an

Gold rose to a new all-time high amid a rush to safer assets after US President Donald Trump imposed tariffs on Canada, Mexico and China, while threatening to do the same against the European Union.

The moves were driven largely by the expectation that tariffs and a possible full-blown trade war will stoke inflation.

European shares slid on Monday, joining a worldwide selloff sparked by fears that U.S. President Donald Trump's tariffs on Canada, Mexico and China mark an opening salvo in a global trade war that would curb economic growth internationally.

Stock markets slumped, the dollar rallied and oil prices rose Monday as US President Donald Trump eyed more tariffs after launching trade wars with Canada, China and Mexico, heaping pressure