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Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports

  • Global markets and Wall Street experienced significant declines following China's announcement of a 34% tariff on all U.S. Imports, effective April 10, 2025.
  • The decline in U.S. Markets included a drop of 4.7% for Deere & Co. And 6% for Boeing, as markets reacted to China's new tariffs, which could affect various U.S. Products.
  • U.S. President Donald Trump's recent tariffs are projected to potentially decrease U.S. Economic growth by 2 percentage points and increase inflation close to 5%, according to WSJ Economics.
  • Major indices in Europe fell significantly, with Germany's DAX dropping 5% and the CAC 40 in Paris slipping 4.2%, reflecting the global impact of the U.S.-China trade tensions.
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NBC New York broke the news in New York, United States on Thursday, April 3, 2025.
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