Trump's Trade War Escalates as China Retaliates With 34% Tariffs The New York TimesMarkets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs AP NewsChina imposes a 34% tariff on imports of all U.S. products starting April 10 ABC7 New YorkTrade war escalates as China hits back with 34% tariffs on all U.S. goods NPR