Stocks around the world sank on Thursday as questions about how businesses and households will swallow the cost of new, sweeping tariffs in the US raised concerns about economic downturn.
In the US, the S&P 500, which tracks 500 of the biggest American firms, opened more than 3% lower, with big consumer names such as Nike and Apple among the hardest hit.
The UK's FTSE 100 share index fell 1.5% and other European markets also dropped, echoing falls seen earlier in Asia.
While stocks fell, the price of gold, which is seen as a safer asset in times of turbulence, touched a record high.
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