Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession.
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Markets tumble with S&P 500 down 5% and Dow down 1,600 after China retaliates against Trump tariffs
The S&P 500 was down 2.9% in early trading, coming off its worst day since COVID wrecked the global economy in 2020.
Videos: China retaliates with major tariffs after Trump unveils ‘Liberation Day’ tariffs
China announced a 34% tariff on all goods imported from the United States in retaliation against the 34% tariff President Trump unveiled.
The relentless innovation fuelling China’s ‘brutal’ car wars
However, BYD’s release of its free advanced self-driving system, dubbed God’s Eye, in February, followed by its partnership with leading drone maker DJI and the announcement of its high-speed charging system have heaped even more…
‘China Hit Much Harder Than USA, Not Even Close’: Trump Defends Tariffs As Beijing Retaliates
Former US President Donald Trump has claimed that China is bearing the brunt of the ongoing tariff war triggered by his administration’s imposition of steep reciprocal duties on several nations, …
Markets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs
The drop closed the worst week for the S&P 500 since March 2020, when the pandemic crashed the economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5% Friday, and the Nasdaq composite tumbled…
Markets tumble with S&P and Dow down for second day after China matches Trump tariffs
NEW YORK (AP) — Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S.…
Worst week for US stocks since Covid crash as China hits back on tariffs
The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.
Market has spoken: China to US after Trump’s tariffs jolt global markets
As US President Donald Trump ramps up tariffs on Chinese goods, China fires back with equal retaliatory measures, asserting that “the market has spoken” amid global financial turmoil.
Exclusive: TikTok deal put on hold after China indicated it would reject deal over tariffs, say sources
A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President Donald Trump’s reciprocal tariffs announcement, according to two sources…
China sales 34 peer cent retaliatory tariffs on US as trade war erupts
Donald Trump has accused China of “panicking” and “playing it wrong” after Beijing walloped the US with 34 per cent tariffs in retaliation.
Dow plunges 2,100 in a worsening global sell-off after China retaliates against Trump tariffs
The worldwide sell-off for financial markets is slamming into an even higher, scarier gear. The S&P 500 tumbled 5.7% Friday, the Dow Jones Industrial Average plunged 2,100 points and the Nasdaq …
Stock market shudders for second straight day as China strikes back against Trump tariffs
Overseas markets also slid Friday. In overnight trading in Asia, Tokyo’s Nikkei 225 lost 2.8%, while South Korea’s Kospi sank 0.9%. Markets in Shanghai, Taiwan, Hong Kong and Indonesia were closed for …
