Wall Street slipped on Monday after Donald Trump threatened new tariffs, reviving concerns about global trade tensions and rattling investors who had recently pushed US stocks to record highs.

President Cyril Ramaphosa has stepped in to an escalating spat with Donald Trump over the US president’s threats.

President Donald Trump has extended planned tariffs on trading partners including Malaysia and Indonesia after sending letters that threaten to impose higher levies on them. Matt Priest, President & ...