US EditionGlobal markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports
- Global stock markets are sliding after China's finance ministry announced a 34% tariff on all U.S. Imports starting April 10, deepening fears of a global recession.
- The Dow Jones Industrial Average experienced its largest decline since 2020, plummeting nearly 1,000 points following the tariff announcements.
- Canada will impose a 25% tariff on U.S. Vehicles, according to Canadian Prime Minister Mark Carney, while U.S. Auto parts exports will remain untaxed.
- Trade experts warn that these tariffs could ignite a recession and cause significant price hikes across multiple sectors, raising concerns among manufacturers and investors alike.
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European and US markets continue to drop after Trump's global tariffs
Global markets continue to experience sharp decline after Trump announced blanket tariffs on US imports of products from more than 180 countries and territories, ranging in severity from 10% to more than 50%.
·France
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Markets plunge as trade war escalates
Over the past two days, more than $5 trillion of wealth has been erased from the U.S. stock market as investors react to the tariffs announced by President Trump. China’s retaliatory move today sent markets sliding. NBC News’ Christine Romans reports.
·United States
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Leaning Left54Leaning Right41Center95Last UpdatedBias Distribution50% Center
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50% Center
L 28%
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R 22%
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