The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets. Yet there is certainly more going on here than that. The tariffs, justification, and magnitude have indicated and expected. After reversing lower on Tuesday and selling off on Wednesday, equity investors hardly needed a fresh reason to sell on Thursday. The MSCI Asia Pacific Index fell today for the fourth consecutive session and is off 2.1% on the week. The European Dow Jones Stoxx 600 also is off for a fourth consecutive session, and down more than 1%, like ... (full story)