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US stock markets plunge into worst week since 2020 as trade war continues

China retaliates on Trumps global trade war with 34% tariff on all US imports.

US stock markets faced their worst week since 2020, with major indexes dropping over 5% amid rising tensions from Trump’s trade war. His 10% tariffs have now affected the UK and other nations, causing global declines. China retaliates with a 34% tax on all goods imported from the US.

Also in the programme: We hear from a doctor near Mandalay, Myanmar, after the 7.7 magnitude earthquake that killed over 3,000 people.

Joining presenter Julian Worricker are Anna Matveeva, a senior visiting research fellow at the Russia Institute of King's College London and Andrea Sella, professor of chemistry at University College London.

(Picture: Trader on the floor of the New York Stock Exchange in New York, USA, on 04 April 2025. Photo by JUSTIN LANE/EPA-EFE/REX/Shutterstock )

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50 minutes

Last on

Sat 5 Apr 2025 05:06GMT

Broadcast

  • Sat 5 Apr 2025 05:06GMT

The Man Booker International 2018

The Man Booker International 2018

The books, the authors and the translators