Reported about 22 hours ago
US stock markets experienced significant declines as China announced a 34% tariff on American goods in response to increased tariffs from President Trump. The Dow Jones fell by 3.3%, with investor fears amplifying over a potential global trade war and recession risks. While some stocks, like Nike, saw small recoveries after Trump's discussions with Vietnam about possible tariff cuts, overall market sentiments remained grim, reflecting the uncertainty surrounding ongoing trade tensions.
Source: YAHOO