Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.

FINANCIAL markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30 percent rate for the European Union and Mexico effective August 1.

Stocks fell on Monday as President Trump escalated his trade war by threatening to impose 30% tariffs on the European Union and Mexico. Bitcoin breached $120,000 for the first time, as Peter Devlin explains.