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China's Response to Trump Liberation Day Tariffs Slated to Decimate Stock Market Further

China Donald Trump Chuck Grassley Republican Party United States

Xi Jinping and Donald Trump (Credit: Getty Images)

Stock markets are plummeting further on Friday after China unveiled its response to U.S. President Donald Trump's tariffs: reciprocal 34% levies on all U.S. products.

The announcement, which continues to fuel fears of a global recession, led futures in all major U.S. stock indexes to expand their drops, with the S&P 500 dropping 3.5% after already plunging 4.8% on Thursday.

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Immigration to UK from third-world countries, including Pakistan, will end entirely, British MP Rupert Lowe warns

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One subscription that gives you access to news from hundreds of sites

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