US EditionTrump's trade wars deepen as China retaliates and markets fall. Here's what to know
- Worldwide stock markets declined sharply on Friday amid escalating trade war fears.
- China's retaliatory tariffs against the U.S. Triggered an acceleration of market losses.
- The Dow Jones Industrial Average fell 1,719 points, or 4.3%, at 1:08 p.m. Eastern time.
- Rick Rieder stated, "The world has changed, and the economic conditions have changed."
- The trade war and tariffs raise concerns about a potential global recession.
65 Articles
65 Articles
The Irish Independent’s View: The stock markets have spoken – Trump’s protectionist policies are an act of self-sabotage
Applying “coercive-control” tactics to subdue the global economy ought to have been an over-reach, even for Donald Trump. If the US president was unable to check his zeal for “America only” dominion, his cabinet or his party ought to have interceded.
Associated Press News
Trump's trade wars deepen as China retaliates and markets fall. Here's what to know
The trade wars launched by U.S. President Donald Trump are escalating to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China levied a retaliatory 34% tariff on all U.S. products starting April 10.
Trade war, tariffs and uncertainty drag markets to worst week in years
Stocks were in free fall again Friday, ending the markets' worst week in years as a trade war heated up. China responded to President Trump’s tariffs with their own, 34 percent on all imported U.S. goods. Markets also fell after Federal Reserve Chair Jerome Powell said tariffs are expected to lead to higher prices and weaken the economy. Amna Nawaz discussed more with Justin Wolfers.
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