Markets dropped again Thursday as investors and businesses focused on the escalating U.S.-China trade war and what it could mean for the economy. For his part, President Trump showed no immediate signs of easing the Chinese tariffs. John Yang reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Markets flashed more warning signs over the enormous tariffs placed on Chinese imports by President Trump. To discuss the concerns around China's trade relationship with the U.S., Amna Nawaz spoke with Derek Scissors, a senior fellow for the American Enterprise Institute, a conservative think tank. PBS News is supported by - https://www.pbs.org/newshour/about/funders

In our news wrap Thursday, Russian-American Ksenia Karelina was released to the U.S. in a prisoner swap after 14 months in Russian captivity, well over 200 people are confirmed dead from a nightclub roof collapse in the Dominican Republic and Health and Human Services Secretary Robert F. Kennedy Jr. claims his agencies will identify the cause of autism by September of this year. PBS News is supported by - https://www.pbs.org/newshour/about/funders

In 2009, a group of wealthy nations committed to helping less developed countries cope with the effects of climate change. But where the $100 billion goes has been tough to verify and critics say the effort has done little to help the people who need it most. With support from the Pulitzer Center, Fred de Sam Lazaro reports on efforts to combat climate change and alleviate poverty in Senegal. PBS News is supported by - https://www.pbs.org/newshour/about/funders

President Trump stunned many by pausing higher tariff rates on most other countries for 90 days. But the president raised tariffs on Chinese imports to 125 percent after Beijing retaliated overnight. This led to a historic day of rallies in the markets after multiple days of steep drops. Lisa Desjardins reports and Amna Nawaz discusses more with economists Simon Johnson and Douglas Irwin. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Just hours before major new tariffs are set to kick in, President Trump and his team said he remains open to deals but generally would not back down from levies on goods from more than 80 countries. That includes a 104 percent tariff on China set to take effect at midnight. That message helped kill an early stock market rally. Stephanie Sy reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders

For perspective on the growing trade war between the United States and China and the ripple effects it’s having, Amna Nawaz spoke with Elizabeth Economy. She served as the senior advisor for China in the Commerce Department during the Biden administration and is currently a senior fellow at the Hoover Institution. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Ukrainian President Zelensky said troops in eastern Ukraine captured Chinese nationals fighting for Russia, a reminder of that war's global impact. Russia’s invasion has affected the thinking in Taiwan, which sees itself confronting a larger neighbor that challenges its sovereignty. Nick Schifrin reports on the connections between Ukraine and Taiwan for our series, Taiwan: Risk and Resistance. PBS News is supported by - https://www.pbs.org/newshour/about/funders

It was a volatile day of wild swings on the markets as investors and businesses sought clarity about the scope of new tariffs and how long they might last. President Trump and his team sent some conflicting messages, including a threat by the president to ramp up even larger tariffs against China. The turmoil and confusion over Trump's goals defined the day. Lisa Desjardins reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders

U.S. businesses are already facing tough challenges as a result of President Trump’s sweeping new tariffs. We hear from small business owners across the country about how they are being impacted, and Amna Nawaz discusses the ongoing trade war with Erin McLaughlin, senior economist at the Conference Board. PBS News is supported by - https://www.pbs.org/newshour/about/funders