Global markets tumble for 3rd day as Trump remains committed to tariffs [Video]

Wall Street is pointing toward major losses on Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth.

European and Asian shares tumbled sharply, while the leading U.S. index flirted with bear market territory before the opening bell.

Futures for the S&P 500 tumbled 2.7 per cent in pre-market trading on Monday, while futures for the Dow Jones Industrial Average slipped 2.4 per cent. Nasdaq futures fell three per cent. All three indexes recouped some of their overnight losses, when the S&P 500 was headed toward bear market territory — defined as a fall of more than 20 per cent from the peak. The index was off 17.4 per cent as of the end of last week. 

The massive sell-off in riskier assets at the start of the trading week follows President Donald Trump’s announcement of sharply higher …