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Trump'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.
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+17 Reposted by 17 other sources
Center

Stock market plunges after China retaliates against Trump's tariff

Financial markets are experiencing turmoil after China imposed a 34% tariff on all U.S. goods in response to President Trump's latest tariffs.

·Louisville, United States
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Trump Tariffs Crater Stocks Again as China Retaliates

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·United States
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NBC Dallas-Fort Worth broke the news in Fort Worth, United States on Friday, April 4, 2025.
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