U.S. tech heavyweights, banks and oil majors fell sharply on Friday after China retaliated to Trump’s tariffs with steep duties, amplifying worries of a global economic downturn.
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Tech, bank stocks tumble as China’s retaliation stokes fears of widening trade war
Oil tumbles nearly 8% as China retaliates with tariffs on U.S
Oil prices plunged nearly 8% on Friday, heading for their lowest close since the middle of the pandemic in 2021, as China ramped up tariffs on U.S. goods in the most serious escalation in a…
China May Force Major Automakers To Merge
China’s auto industry is massive, fast-moving, and at times nearly impossible to follow without a flowchart and a magnifying glass. Even major Western players like Toyota and Volkswagen, both deeply …
Stock Market Meltdown Continues As China Retaliates To Trump Tariffs
As Donald Trump’s tariffs showed increasing signs of escalating a trade war with China and perhaps several other nations, U.S. stock markets fell sharply for a second straight day. The Dow Jones …
China hits back hard in global trade war with tariffs on US goods
By Trevor Hunnicutt, Mei Mei Chu and Susan Heavey PALM BEACH, Florida/BEIJING/WASHINGTON (Reuters) -China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald…
China strikes back at Trump with own tariffs, export curbs
China on Friday struck back at the U.S tariffs imposed by President Donald Trump with a slew of countermeasures including extra levies of 34% on all U.S. goods and export curbs on some rare earths,…
China Hits Back at Trump With Tariffs, Limits on Key Exports
China retaliated against Donald Trump’s latest tariffs with commensurate levies on all American goods and export controls on rare earths, dealing a fresh blow to global markets and prompting the US …
Tech, Bank Stocks Bear the Brunt as China Retaliates to Trump Tariffs
GE Healthcare’s stock slid 6.9% premarket, leading the losses in shares of medical equipment makers, after China also announced export controls on a rare-earth metal that is used in MRI scans. Shares …
Sell-off worsens worldwide and Dow drops 1,000 after China retaliates against Trump’ tariffs
Stock markets worldwide are careening even lower after China matched President Donald Trump’s big raise in tariffs in an escalating trade war.
China’s retaliatory tariffs for US amid trade war with Donald Trump trigger fears of Bitcoin ‘crisis scenario’
Bitcoin values rapidly plummeted after China announced a 34 per cent tariff on every US product, amplifying the trade war with President Donald Trump. Analysts additionally caution that with ongoing …
Oil tumbles 8% as China retaliates with tariffs on U.S
Oil prices plunged by 8% on Friday, heading for their lowest close since the midst of the coronavirus pandemic in 2021, as China hit back in an escalating global trade war with the U.S. after…
China hits back with 34% tariff on US goods after Trump’s trade salvo
China hits back at Trump’s tariff hike with a 34% duty on all US goods from April 10, escalating tensions as fears of a deepening trade war between the two growing nations …
China ‘Played It Wrong,’ Trump Says After Beijing Unveils More Tariffs
President Trump appeared to dismiss China’s latest retaliation to U.S. tariffs, in a social-media post early Friday. “China played it wrong, they panicked—the one thing they cannot afford to do!” he s …
