Stock markets surged on both sides of the Atlantic as investors brushed off escalating trade tensions between the US and the EU.
Stock markets surged on both sides of the Atlantic as investors brushed off escalating trade tensions between the US and the EU.
After Monday’s sharp decline, stocks continued to slide on Tuesday, though at a more measured pace.
US stock indexes edged higher in premarket trading following Wall Street’s biggest one-day drop of the year.
China’s foreign minister warned that Beijing will continue to retaliate against what he described as the United States’ “arbitrary tariffs,” as global market turmoil deepened.
Stocks tumbled on Wall Street as Donald Trump’s global trade war stoked investor fears, coinciding with rising concerns that an AI-driven market bubble might be ready to burst.
Beijing increases defense spending by 7.2% and warns Washington it is ready to “fight to the end.”
Wall Street’s premier stock market has erased its gains since Donald Trump’s November election after the U.S. imposed tariffs on its closest allies and China. The S&P 500 has seen
US stock indexes are poised to rise at the opening bell as expectations build that the Federal Reserve will cut interest rates.
China has accused the United States of applying “tariff pressure and blackmail” following President Donald Trump’s latest threat to impose an additional 10% duty on Chinese imports.