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Global stocks continue to plummet amid fears of a trade war and economic downturn.

This photograph taken on April 7, 2025 shows stock chart and index displayed on a smartphone in Brussels, as traders reacted to US President's sweeping tariffs. European stock futures tumbled as US President refused to back down on sweeping tariffs after China retaliated in an escalating trade war

Video Duration 02 minutes 08 seconds

02:08

China hits back at Trump tariffs with 34% tax on US goods, calls actions ‘unilateral bullying’

Published On 7 Apr 2025

  • Stock markets across Asia and Europe have dropped sharply as the shockwaves from United States President Donald Trump’s tariffs continue to be felt around the world.
  • European trade officials are meeting in Luxembourg to discuss response to Trump’s move, with Germany calling the US tariffs policy “nonsense”.