US stocks fell on Friday as China struck back at President Trump’s latest tariff with a total 125% tax — further escalating trade tensions between the two nations.
The Dow Jones Industrial Average lost 254 points, or 0.6%, after plummeting 1,014.79 the day before.
The index has been on a wild ride over the past week as markets struggle to absorb back-and-forth trade war news, plunging more than 4,000 points after Trump revealed his so-called “reciprocal” tariffs last Wednesday, then recovering more than 1,500 points this week after he announced a 90-day pause on most of his harsher tariffs.
Read more at https://nypost.com/2025/04/11/business/us-stocks-poised-to-gain-as-china-signals-no-more-tariff-hikes-after-total-125-tax/
#china #tariffs #tradewar
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