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Beijing retaliates with a 34% countertariff on US
Financial Express Hyderabad
|April 05, 2025
This is unlikely to get over, investors are afraid of a 'tit for tat' trade war situation, says a market strategist
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"CHINA COMES OUT swinging with an aggressive response to Trump's tariffs," said Stephane Ekolo, Market & Equity Strategist, Tradition, London.
"This is significant and is unlikely to be over, hence the negative market reactions. Investors are afraid of a 'tit for tat' trade war situation."
In Japan, one of United States' top trading partners, Prime Minister Shigeru Ishiba said the tariffs had created a 'national crisis' as a plunge in banking shares on Friday set Tokyo's stock market on course for its worst week in years.
US Secretary of State Marco Rubio on Friday disputed any economic crash, telling reporters that markets were reacting to the change and would adjust.
Cette histoire est tirée de l'édition April 05, 2025 de Financial Express Hyderabad.
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