Markets tumble as China retaliates to US tariffs amid global recession fears

Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.

Global markets are tumbing as US president Donald Trump unveiled a sweeping range of large tariffs on US imports exports to the US in the Rose Garden in the White House on Wednesday, April 2, which started to come into effect on Saturday April 5, with initial 10% tariffs, and will see their full impact on April 9. The tariffs were reported by FinanceAsia here

On Monday April 7, markets in Asia Pacific Apac tumbled after a sharp sell off in the US and Japan at the end of last week, and markets in China, Hong Kong and Taiwan reopened after a public holiday. At the...

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