GLOBAL MARKETS-Global stocks drop after Trump's tariff threats; gold gets safety bid
Global stocks fell and the dollar weakened against safe-haven currencies after President Trump threatened new tariffs on European imports. The S&P 500 and STOXX 600 dropped over 1%, while gold and silver prices surged to record highs. The EU condemned the tariff threats, with potential retaliatory measures on U.S. goods. Meanwhile, China's economic growth slowed to 4.5%, impacting market sentiment. Oil prices also dipped amid trade war concerns. Investors are cautious as the situation develops, particularly with the upcoming World Economic Forum in Davos.