Stocks slump again after China fires back in trade war with tariffs on US goods

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Stocks slump again after China fires back in trade war with tariffs on US goods - Channel News Asia

Quick Summary:

Intensifying the standoff between the world's two biggest economies, Beijing also announced controls on exports of some rare earths, while Trump doubled down as well, vowing not to change course.

"We hope to continue working in good faith with China, who I understand is not very happy about our reciprocal tariffs," he wrote on social media.

China is retaliating for Trump's tariffs on imports from the world's No 2 economy.