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Worst week for US stocks since Covid crash as China hits back on tariffs

BBC Business LogoBBC Business1w ago

Worst week for US stocks since Covid crash as China hits back on tariffs - BBC Business

Quick Summary:

The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.

The global stock market has lost trillions in value since Trump announced sweeping new 10% import taxes on goods from every country, with products from dozens of countries, including key trading partners such as China, the European Union and Vietnam, facing far higher rates.

Shares in Nike, and other clothing retailers, which had been hammered on Thursday, also clawed back some ground on Friday, buoyed by hopes of a deal after Trump said he had a "very productive call" with the leader of Vietnam.

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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 22:06:53 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1284 words

Reading Time: 8 minutes read

Sentences: 36 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 27728597

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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  • URL: https://chronographically.beamstart.com/news/worst-week-for-us-stocks-17441208706856

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