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China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown.
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Global shares wobbled Friday after the latest escalation in the China-U.S. trade war, with Japan and some European markets slipping while others stood firm.
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Peter R. Orszag, the C.E.O. of Lazard, discusses how markets are reacting to the uncertainty of Trump's tariffs.
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In the aftermath of this week's tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.
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The newest wave of President Trump's trade policies increased global uncertainty, causing stocks to fluctuate significantly.
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