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Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports

  • President Donald Trump's tariffs on vehicle imports have led to retaliatory actions globally, with stock markets declining sharply, particularly the Dow Jones, which fell nearly 1,000 points after a 34% levy on U.S. Imports was announced by China.
  • Canadian Prime Minister Mark Carney announced matching tariffs of 25% on U.S. Vehicles, impacting cross-border economic relations and leading to significant losses in bank stocks.
  • The escalating tariff situation has raised fears of a global economic downturn and inflation, significantly impacting farmers and manufacturers.
  • Wall Street's stocks continued to plunge, reflecting investors' fears of a recession tied to the tariff situation.
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NBC New York broke the news in New York, United States on Thursday, April 3, 2025.
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