Stocks slump again after China fires back in trade war with tariffs on US goods

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Stocks slump again after China fires back in trade war with tariffs on US goods

^{Published on 2025-04-06 03:41:04 - Reuters}

Global stock markets plummeted further on Friday after China said it would strike back at U.S. President Donald Trump with additional tariffs of 34% on U.S. goods, escalating a trade war that has rattled investors and fed fears of a coming recession.

Stocks experienced a decline following China's retaliatory tariffs on U.S. goods, escalating tensions in the ongoing trade war. The S&P 500 fell by 0.7%, the Dow Jones Industrial Average dropped by 0.8%, and the Nasdaq Composite decreased by 1%. This reaction was triggered by China's announcement of new tariffs on $75 billion worth of U.S. products, in response to the U.S. imposing tariffs on $300 billion of Chinese goods. The market's downturn reflects investor concerns over the potential economic impact of heightened trade tensions between the world's two largest economies.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/stocks-slump-again-after-china-fires-back-in-trade-war-with-tariffs-on-us-goods/ar-AA1CkivW ]

N@N

Stocks slump again after China fires back in trade war with tariffs on US goods