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Other countries vowed to respond after President Donald Trump imposed higher tariffs on imports from much of the world, including many U.S. allies.
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China vows to counter Trump's ‘bullying' tariffs as global trade war escalates CNNChina urges U.S. to 'immediately' cancel reciprocal tariffs, vows countermeasures CNBCTrump Gives China's Xi a Chance to Win Over World Hit by Tariffs Bloomberg.comChina, E.U. prepare ‘countermeasures' as Trump tariffs
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Shares tumbled in Europe and Asia and U.S. futures tumbled Thursday following U.S. President Donald Trump 's announcement of big increases in tariffs on imports of goods from around the world.
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The sweeping new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners, highlighting the lack of appetite for a full-fledged trade war.
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