The US markets took a hit following China’s retaliation against President Donald Trump’s tariffs, causing a ripple effect across global markets. China announced a 34% tax on American goods in response to the 54% import tax it is currently facing, leading to a sharp decrease in European markets.
In the UK, Germany, and France, indexes dropped by more than 3%, while Asian markets also saw declines. President Trump took to his Truth Social account to criticize China, stating that they “played it wrong” and that his policies towards the country will not change. This latest development in the ongoing trade war between the US and China has left investors and analysts concerned about the potential impact on the global economy.
As tensions continue to escalate between the two economic powerhouses, the future of international trade remains uncertain. For more updates on this story and other news, visit www.bbc.com/news.
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Video “US markets tumble as President Trump says China 'played it wrong' in tariffs retaliation | BBC News” was uploaded on 04/04/2025 to Youtube Channel BBC News