Brief by Shorts91 Newsdesk / 02:59pm on 04 Apr 2025,Friday Business
US stock markets plunged on Thursday as China hit back against Donald Trump’s new tariffs with a 34% tax on American goods, escalating trade tensions. The Dow Jones and S&P 500 fell 2.7% and 3.1% respectively, while the tech-heavy Nasdaq dropped 3.3%, entering bear territory—20% below its December peak. European markets also suffered, with London, Berlin, and Paris indexes down over 3%. Trump claimed, "China played it wrong, they panicked." Analysts warn of further volatility as global investors react to the deepening trade conflict. The full impact on US industries and global supply chains remains uncertain as markets brace for more shocks. (PC: Getty Images)
