Reported about 6 hours ago
Confusion and anxiety hit the markets on Friday after President Trump announced intentions to introduce reciprocal tariffs, aiming to match foreign import taxes. This decision came on the heels of a turbulent week marked by a 10% tariff on China and retaliatory measures from China, resulting in a significant 400-point drop in the Dow Jones. Analysts warn that these tariffs could impose a hefty financial burden on American households, potentially leading to increased consumer prices and a trade war with repercussions for global trade.
Source: YAHOO