Stock market shudders as China jacks up tariffs on U.S. to 125%
Stocks are choppy in early trading as Wall Street analysts warn of a sharp escalation in conflict between the world’s two biggest economies.

Money News
Stocks are choppy in early trading as Wall Street analysts warn of a sharp escalation in conflict between the world’s two biggest economies.
U.S. businesses are starting to add a tariff fee to customer bills and shopping carts to offset rising import costs.
Dow, S&P and Nasdaq futures were all in the red as Bejing announced it was raising its tariffs on U.S. goods again, escalating their trade war.
“A Veronica Beard jacket was $800. Now it’s going to be $1,000,” one New York City fabric importer said.
A Los Angeles court ruled that Sony may take over distribution of “Wheel of Fortune” and “Jeopardy!” which it produces, from CBS.
President Trump had brushed off the stock market’s plunge, but turmoil in the bond market got his administration’s attention.
Apple’s move to avoid China tariffs had been in the works for months, according to report citing Indian government officials.
Trade tensions remain high despite President Trump’s decision on Wednesday to temporarily freeze U.S. tariffs on dozens of countries.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump’s tariffs kick in.
President Trump’s aggressive use of tariffs has fueled concerns about the economy and roiled the stock market.