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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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.
·Ireland
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Total News Sources73
Leaning Left12Leaning Right6Center27Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 27%
C 60%
13%
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