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Asian stocks were blended Wednesday amid growing tensions between the U.S. and also the European Union and a dim forecast on global economic development.

Japan’s benchmark Nikkei 225 fell 0.5percent to 21,687.57. Australia’s S&P/ASX 200 was little changed, inching less than 0.1percent to 6,223.50. South Korea’s Kospi added 0.1percent to 2,216.17. Hong Kong’s Hang Seng drop 0.2% to 30,103.08, although the Shanghai Composite was up 0.4 percent at 3,253.88.

On Wall Street, the S&P 500 index fell 17.57 points, or 0.6 percent, to 2,878.20. The Dow Jones Industrial Average dropped 190.44 points, or 0.7 percent, to 26,150.58. The Russell 2000 index of little stocks gave up 19.32 points, or 1.2%, or 1,559.68.

European indexes also ended widely reduced, giving up early gains, after the U.S. threatened to impose $11.2 billion in tariffs on European goods, such as wine, cheese and helicopters.

The threat from President Donald Trump may make investors much more worried about trade disputes damaging an already slowing worldwide economy at a time when the U.S. is trying to solve a trade conflict with China.

That spat has made a list of goods more costly for customers and is weighing on an already slowing Chinese economy. A week, negotiators met and the two sides have said they’re currently making progress.

Dealers were frustrated to realize that the International Monetary Fund lowered its forecast for global growth. The IMF currently projects 3.3% worldwide increase in 2019, matching the weakest year because 2009. The U.S. fared particularly poorly in the analysis, with growth now anticipated at 2.3%, down from 2.9% in 2018.

Once moments are released by the central bank out of its policy meeting, investors can get more hints about the Fed’s intentions Wednesday. Wednesday the European Central Bank will fulfill.

“following the sporing of growth and trade tension concerns once more, Tales in Asia markets have been undermined,” explained Jingyi Pan, market strategist at IG at Singapore.

ENERGY:

Benchmark U.S. crude rose 25 cents to $64.23. Brent crude additional 21 cents to $70.82 a cone.

CURRENCIES:

The dollar fell to 111.15 yen out of 111.28 yen Tuesday.

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