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 )