Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty. Since taking office less than two months ago,

The 59-year-old political newcomer says he will keep tariffs on US imports "until the Americans show us respect".

Could the 'Trump slump' become a 'Trumpcession'? The implications of the president's tariff regime face a second week of close financial market scrutiny following a big shift in risk sentiment.