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Wall Street stocks closed sharply lower as Donald Trump’s so-called liberation day tariffs continued to reverberate through financial markets and fan concerns about a global economic recession. The S&P 500 ended Friday’s session down 6 per cent,

U.S. President Donald Trump’s big raise in tariffs has triggered an escalating trade war and sent global markets plummeting

China announced additional tariffs of 34% on U.S. goods on Friday, retaliating to President Donald Trump's sweeping tariffs this week that have fed fears of a recession and triggered a global stock market rout.

The move came two days after President Donald Trump imposed the same tariff on all Chinese imports, bringing the total U.S. tariff on Chinese goods to at least 54%.

The trade wars launched by U.S. President Donald Trump have escalated to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China on Friday levied a retaliatory 34% tariff on all U.

Asian markets are retreating after Wall Street led the biggest loss among world's markets over worries about U.S. President Donald Trump's tariffs

China slapped a 34% tariff on U.S. goods starting April 10 in retaliation to Trump's tariff plans. Global markets tumble as the trade war begins. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

World shares slid downward, U.S. futures fell and Wall Street appeared on track for another day of crushing losses Friday as investors counted the potential costs of U.S. President Donald Trump’s latest set of tariffs — including China's retaliatory match of a 34% tariff on imports of all U.