Reported about 19 hours ago
Following a significant market selloff triggered by new tariffs introduced by President Trump, China stated that 'the market has spoken' and urged the U.S. for fair negotiations. In response to the 34% tariffs on Chinese goods, which have increased the total duties to 54%, China announced its retaliatory measures including similar tariffs on U.S. products. This escalating trade war has led to sharp declines in global stock markets, with the S&P 500 seeing a 9% drop for the week.
Source: YAHOO