London (AFP) - European and Asian stocks unravelled Friday, resuming a midweek slump, with investors spooked by a ratcheting up of trade war clouds after US President Donald Trump announced tariffs on all Mexican imports.

Hong Kong (AFP) - Asian stocks edged down Friday as US President Donald Trump's sudden announcement of tariffs on all Mexican imports saw Tokyo shares drop, rattling investors.

This morning, the market is reeling from Trump’s surprise threat of tariffs on goods from Mexico

US to place 5% tariff on goods as Mexico president says ‘social problems aren’t resolved with taxes’

After 5% tariff announced, president tweets ‘Mexico has taken advantage of the US for decades’

Ugly scenes across the City’s trading floors today as blue-chip stocks sunk into the red amid signs the global economy is heading for a steep slowdown.