Tokyo, April 7, 2025 (AFP) - Market panic deepens as China retaliates against Trump tariffs

NAMPA / AFP

2025-04-07

World markets crashed on Monday with Asia leading the rout, as US President Donald Trump held firm on his swingeing tariffs despite China retaliating and global recession warnings growing louder. Hong Kong's Hang Seng plunged more than 13 percent, its biggest drop since the 1997 Asian financial crisis, while in Japan the Nikkei 225 index fell an eye-watering 7.8 percent. Countries mostly have been scrambling to blunt the new US tariffs without r......

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