This is how markets received China’s tariff response to the US

China replied to Trump imposing tariffs of 34%, which generated significant declines in stock exchange rates worldwide; in addition, the Mexican peso depreciated 52 cents in a single day. The shock is due to the fact that, in the face of increased trade tensions, the possibility of a global recession is increasing. The interbank exchange rate closed at 20.48 pesos, above 19.92 pesos on Thursday; including, the dollar was sold up to 20.56 pesos. …