Stock markets worldwide continued their decline on Friday after China retaliated against President Donald Trump’s latest round of tariffs, increasing concerns that the escalating trade war could push both the US and global economies into a recession.The Dow Jones Industrial Average plummeted more than 1,600 points, or 4%, following a steep 1,679-point drop the previous…
Image used for representative purposes Wall Street’s top ‘fear gauge’ soared to an eight-month high on Friday as US stocks tumbled sharply after China imposed sweeping new tariffs on all US goods. This latest escalation in the trade war between the world’s two largest economies rattled global markets, deepening investor anxiety and fueling fears of…
A truck loaded with vehicles moves to lines of vehicles for export at a port in Yantai in eastern China’s Shandong province. China’s trade surplus soared last year to a record as companies rushed to get goods out the door to make up for sluggish demand at home and ahead of the return of President-elect…
