NEW YORK – (WBAP/KLIF) – Fears of a possible recession and in reaction to the near worldwide Trump tariffs affecting imports from most nations worldwide…with Wall Street seeing another dive in stocks…
Global investors are selling equities in response to the Trump tariffs against the majority of American trade partners, including China, retaliating in kind by announcing a 34% tariff on American product imports; same percentage of a tariff issued by the U.S.
The new China tariffs against the U.S. will go into effect April 10th. The U.S. levied 34% tariff on China was added to 20% tariffs already imposed against Chinese imports.
The Dow Jones Industrial average plunged 2,231 points, or 5.5%, Nasdaq Composite lost 963 points by the end of trade Friday, or 5.82%, and the S and P Index was off 5.97%,, losing 322 points.
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