Business
April 2025 Escalating trade tension
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Obasuyi David
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Apr 8, 2025
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11 Views
In April 2025, escalating trade tensions have led to significant market volatility. President Trump's announcement of sweeping tariffs, including a potential 50% increase on Chinese imports, has prompted China to retaliate with 34% tariffs on U.S. goods. These developments have caused major indices like the Dow Jones and S&P 500 to experience sharp declines, with the Dow dropping 4,000 points over two days.
The Guardian
WSJ
+2
Investor's Business Daily
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The Guardian
Despite this turmoil, some sectors are showing resilience. For instance, U.S. Steel's stock surged by 16.2% following a White House review of Nippon Steel's acquisition proposal. Additionally, Treasury Secretary Scott Bessent indicated that around 70 countries are in talks to negotiate exemptions from the new tariffs, offering a glimmer of hope for easing tensions.
The Guardian
WSJ
+2
Investor's Business Daily
+2
The Guardian
Despite this turmoil, some sectors are showing resilience. For instance, U.S. Steel's stock surged by 16.2% following a White House review of Nippon Steel's acquisition proposal. Additionally, Treasury Secretary Scott Bessent indicated that around 70 countries are in talks to negotiate exemptions from the new tariffs, offering a glimmer of hope for easing tensions.