Stock markets open lower after US announces new tariffs on more than 90 countries | BBC News

Stock markets around the world have opened lower after US President Donald Trump announced new tariffs on more than 90 countries.

Stephen Miran, an economic advisor to the president, said he sees "zero evidence" prices on goods will rise for Americans, but warnings are swirling that tariffs will hit consumers directly.

Trump announced higher tariffs for many Canadian goods but most products are exempted due to a free trade agreement - while Mexico has escaped higher levies for another 90 days.