Global stocks on Monday were dragged down by losses on Wall Street and European equities as fresh uncertainty around tariffs intensified after US President Donald Trump announced new levies following a US Supreme Court ruling last week.Wall Street’s main indexes slid, with software and financials being the biggest drags on the benchmarks. Citigroup was down 5.4%, while JPMorgan Chase and Wells Fargo dropped more than 4% each. The Dow Jones Industrial Average fell 1.6%, S& fell 1.2% and Nasdaq Composite fell 1.3%.The US Supreme Court in a Friday ruling voided most of the tariffs Trump imposed last year. Using a different statute, Trump announced first a 10%, then a 15%, global levy that could last five months while the administration searches for more durable workarounds. Software-related companies were also among top decliners. The S& Software and Services index was down 3.8%, extending its 23.5% drop this year over AI disruption fears .
