Brief by Shorts91NewsDesk / 09:36am on 11 Apr 2025,Friday Business
On April 11, 2025, global financial markets experienced sharp declines after former U.S. President Donald Trump announced extensive tariffs on imports. The measures imposed a 10% baseline tariff, with rates as high as 54% on Chinese goods and 20% on European Union products. In a swift retaliation, China raised its tariffs on U.S. merchandise to 125%, deepening trade tensions. Major indices, including the Dow Jones and S&P 500, tumbled significantly. Economists warn that these aggressive policies could lead to a global recession reminiscent of the 2008 financial crisis, urging urgent diplomatic efforts to restore stability.
