Last week, the American stock market took a hit. The market was reacting to the retaliatory 34 per cent tariff China slammed on US goods in response to the tariff the American president announced on April 3, which he described as Liberation Day. China described the actions of President Donald Trump as “bullying” and a breach of international trade laws.
Consequently, in just two days (Thursday and Friday), US stocks lost a whopping $6.6tn,…
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