Global markets plunged after China retaliated against U.S. tariffs, deepening fears of a drawn-out trade war and economic fallout.
Stock market turmoil has deepened as China retaliated against tariffs announced by U.S. President Donald Trump, heightening fears of a prolonged trade war and wider damage to the global economy.
China imposed a 34 percent tariff on U.S. goods, marking its most significant countermeasure so far.
By the close of trading on Friday, the Dow Jones Industrial Average had dropped 5.5 percent, the Nasdaq Composite was down 5.8 percent, and the S&P 500 had fallen nearly 6 percent.
In total, the three major indices recorded their worst two-day slump since March 2020, when the COVID-19 pandemic first shook the global economy.
The sharp declines, which echoed losses in markets worldwide, came after Trump’s Wednesday announcement of sweeping reciprocal tariffs on nearly all U.S. trading partners. These included a baseline 10 percent tariff on most countries and targeted tariffs as high as 50 percent on more than 60 nations.
Trump, who has vowed to reshape the global trade order, dismissed concerns over market turbulence, instead highlighting the strength of the U.S. labor market.
Analysts say the tariffs, some of which are set to take effect as early as Saturday, amount to the largest tax increase in the United States since 1968.
Türkiye's foreign minister, Hakan Fidan, stated on the sidelines of a NATO meeting in Brussels that Ankara seeks to prevent any direct confrontation with Israel in Syria.
Syria has welcomed a United Nations resolution aimed at investigating human rights abuses and improving the country’s record following 13 years of brutal civil conflict under former President Bashar al-Assad’s regime.
A U.S. district judge has ruled that the Trump administration must return Kilmar Abrego Garcia—a Salvadoran migrant legally residing in Maryland with a work permit—back to the United States within three days.
The death toll from Myanmar’s devastating earthquake has risen to 3,354, with 4,850 injured and 220 missing, according to state media. The grim figures emerge as the country struggles to cope with the aftermath of the quake amid a prolonged civil conflict.
.S. customs agents have started collecting President Donald Trump’s new unilateral 10% tariff on imports from many countries, marking a dramatic departure from the post–World War II system of mutually agreed tariff rates.
Türkiye's foreign minister, Hakan Fidan, stated on the sidelines of a NATO meeting in Brussels that Ankara seeks to prevent any direct confrontation with Israel in Syria.
Syria has welcomed a United Nations resolution aimed at investigating human rights abuses and improving the country’s record following 13 years of brutal civil conflict under former President Bashar al-Assad’s regime.
A U.S. district judge has ruled that the Trump administration must return Kilmar Abrego Garcia—a Salvadoran migrant legally residing in Maryland with a work permit—back to the United States within three days.
The death toll from Myanmar’s devastating earthquake has risen to 3,354, with 4,850 injured and 220 missing, according to state media. The grim figures emerge as the country struggles to cope with the aftermath of the quake amid a prolonged civil conflict.
.S. customs agents have started collecting President Donald Trump’s new unilateral 10% tariff on imports from many countries, marking a dramatic departure from the post–World War II system of mutually agreed tariff rates.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
China has escalated its control over vital mineral exports in retaliation to U.S. tariffs, intensifying global supply chain fears as it tightens curbs on rare earths, battery metals, and strategic technologies critical for defence and green energy.
The European Commission is challenging Italy's use of "golden powers" in the banking sector, raising concerns over potential breaches of EU law and prompting a broader debate on investment screening rules across the bloc.
Today, the High-Level Economic Dialogue between Türkiye and the European Union has been resumed in Brussels after six years.
BP Chair Helge Lund intends to step down "likely during 2026" and the process to pick his successor has started, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.
Wall Street’s major indexes tumbled sharply after U.S. President Donald Trump’s sweeping tariffs on key trade partners triggered fears of a trade war and global recession. Investors reacted with panic, sending markets into a steep decline.
Türkiye's foreign minister, Hakan Fidan, stated on the sidelines of a NATO meeting in Brussels that Ankara seeks to prevent any direct confrontation with Israel in Syria.
Syria has welcomed a United Nations resolution aimed at investigating human rights abuses and improving the country’s record following 13 years of brutal civil conflict under former President Bashar al-Assad’s regime.
A U.S. district judge has ruled that the Trump administration must return Kilmar Abrego Garcia—a Salvadoran migrant legally residing in Maryland with a work permit—back to the United States within three days.
The death toll from Myanmar’s devastating earthquake has risen to 3,354, with 4,850 injured and 220 missing, according to state media. The grim figures emerge as the country struggles to cope with the aftermath of the quake amid a prolonged civil conflict.
.S. customs agents have started collecting President Donald Trump’s new unilateral 10% tariff on imports from many countries, marking a dramatic departure from the post–World War II system of mutually agreed tariff rates.
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