NEW YORK: Stock markets and the dollar tumbled Thursday (Apr 3) after President Donald Trump's latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation. The dollar slumped by as much as 2.6 per cent versus the euro, its biggest intraday plunge in a decade,

China, in its complaint, claimed the tariffs violated WTO rules and has escalated with retaliatory measures.

WASHINGTON (April 4): Markets extended a global selloff today as countries around the world reeled from US President Donald Trump’s trade war, but the White House insisted the American economy will emerge victorious. Shock waves tore through markets in the United States, Europe and Asia after Trump’s tariff bombshell, as foreign leaders signaled readiness toRead More

The world's second biggest economy has announced additional tariffs of 34 percent on US goods

Beijing also announced controls on exports of some rare earths and filed a complaint at the World Trade Organisation.

Beijing has said it will introduce 34% tariffs on US imports to counteract the duties imposed by the Trump administration. Trump criticized the Chinese decision and said his polices would "never change." DW has more.

Stock indexes tumbled, with the S&P 500 down more than 4% in morning New York trading on Thursday.

The markets reacted violently to Donald Trump’s announcement of a new 10 per cent tariff on all imports to the United States.

Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen.

'There is still substantial uncertainty of what the eventual import tariff rates will be and how long they will remain in place,' said Kathy Bostjancic.

Global stock markets slid further this morning as US President Donald Trump's tariffs continued to send shudders through financial markets.

Trump's blanket 10% tariff policy has economists and markets forecasting higher inflation and recession risk through 2025.

The move comes a day after Beijing urged Washington to withdraw its latest tariffs and warned of countermeasures to protect its own interests.

Donald Trump proclaimed that the United States "is healing" after he imposed sweeping tariffs, which caused the financial markets to crater.

Stock markets worldwide are careening even lower after China matched President Donald Trump’s big raise in tariffs in an escalating trade war.

The U.S. tariffs on transshipment countries like Vietnam and Cambodia are so steep that they could force a major reassessment of global supply chains.

China announced Friday that it would impose a 34 percent tariff on imports of all US products starting April 10, part of a flurry of countermeasures following US President Donald Trump’s slate of new…

Following tariffs, prediction markets bettors are putting more wagers on odds the U.S. will slide into a recession by the end of 2025

World shares have slid further and U.S. futures also fell Friday as investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs, even as China retaliated by announcing a 34% tariff on imports of all U.S....

Wall Street stocks dropped sharply in morning trading, while European markets ended the day sharply lower.

China's Finance Ministry announced on Friday that they will impose additional tariffs of 34% on all US imports from April 10 in response to US President Donald Trump's latest tariff announcements, per Reuters.

The broad-based S&P 500 closed down 4.8%, while the tech-rich Nasdaq Composite tanked 6.0% and the Dow Jones ended the day down 4.0%.

China will impose a 34% retaliatory tariff on imports from the US after Donald Trump announced his 'Liberation Day' levies.

President Trump left the world in no doubt that tariffs were on the way.

JP Morgan analysts told clients that Trump's tariff plan will have drastic economic effects.The risk of the global economy falling into a recession has

This aggressive escalation of Trump's trade wars could mean higher prices on virtually every product Americans purchase from overseas. Worse, analysts predict the tariffs could trigger recessions...