Markets tumble as China retaliates to US tariffs amid global recession fears

Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and...

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Apr 7, 2025 - 21:01
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Markets tumble as China retaliates to US tariffs amid global recession fears

April 07, 2025

Global markets are tumbing as US president Donald Trump unveiled a sweeping range of large tariffs on US imports (exports to the US) in the Rose Garden in the White House on Wednesday, April 2, which started to come into effect on Saturday (April 5), with initial 10% tariffs, and will see their full impact on April 9. The tariffs were reported by FinanceAsia here. 

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