Analysts say risk of escalation cannot be overlooked and warn of possible recessions in the UK, US and EUMarkets are braced for another rollercoaster week as the most punitive of Donald Trump’s tariffs kick in and world leaders weigh up retaliatory action, adding to fears of a global recession.Stock indices plunged by nearly $5tn last week, with markets in the UK and US suffering losses not seen since the early days of the Covid-19 pandemic, as investors took cover from the opening salvoes of a global trade war. Continue reading...