Reported about 17 hours ago
China announced 34% tariffs on U.S. goods in response to President Trump's earlier tariffs, spurring a steep decline in shares of tech companies like Tesla and Apple, as well as U.S. banks. The intensified trade war brought fears of market disruptions, price increases, and a slowdown in global economic growth. Major companies in semiconductors and oil also saw significant stock drops, while agricultural firms faced challenges from increased costs due to tariffs. Investors are concerned about the wider implications for consumer confidence and spending.
Source: YAHOO