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Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports

  • Global markets, including Wall Street, experienced significant declines following China's announcement of a 34% tariff on all U.S. Imports, set to start on April 10, 2025.
  • The Dow Jones Industrial Average dropped nearly 1,000 points, marking its worst session since 2020 after the previous day's drop of 1,679 points.
  • Canadian Prime Minister Mark Carney imposed 25% tariffs on vehicles imported from the U.S., while exports of U.S. Auto parts to Canada will not face tariffs.
  • Economists warn that the tariffs could lead to a recession, and trade groups expressed concern that the tariffs may negatively impact the economy.
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NBC New York broke the news in New York, United States on Thursday, April 3, 2025.
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