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.
186 Articles
186 Articles
Heavy losses on Wall Street and Damrak after Chinese countermeasure
The American stock markets fell sharply on Friday, after the AEX had already suffered a heavy loss. China's announcement of a 34% levy on US products in response to the import tariffs announced by US President Trump increased the fear of recession.

Financial markets continue tailspin in the wake of Trump tariffs
The worldwide sell-off for financial markets slammed into a higher gear Friday as the S&P 500 plummeted 6%, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%.
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