From Yahoo Finance: 2025-04-04 07:01:00

China announced a 34% tariff on U.S. goods in response to Trump’s tariffs, sparking fears of a recession and plummeting global stocks. Experts warn of a potential trade war escalation, causing uncertainty in markets. Analysts express surprise at China’s aggressive stance, anticipating further negative impact on the economy and consumer. Markets await Trump’s response to China’s retaliation, fearing additional market turmoil and economic downturn.



Read more at Yahoo Finance: Investors react to China’s retaliatory tariffs on US goods