Trump trade war with China revives recession, bear market fears


This photo illustration shows Chinese 100 yuan notes (red) and US 100 dollar notes, in Beijing on April 8, 2025. (Photo by Jade GAO / AFP)

WASHINGTON/BRUSSELS/BEIJING: President Donald Trump's trade war rattled global markets anew on Thursday as stocks and oil prices sank amid fears China may once again respond in kind with higher tariffs to match the latest levies imposed by the United States. 

Battered global markets and anxious global leaders welcomed Wednesday's reprieve when Trump suddenly decided to freeze most of his hefty new duties for 90 days.

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Trump , China , tariffs , trade , inflation

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