US markets tumble as President Trump says China 'played it wrong' in tariffs retaliation | BBC News
The US markets have tumbled down after China hit back against President Donald Trumpβs raft of tariffs.
China - which faces a 54% import tax - said it would retaliate with an additional 34% tax on American goods from 10 April, prompting a further fall in European markets.
Indexes in the UK, Germany and France have all dropped down by more than 3%. Asian markets also dropped earlier.
Meanwhile, writing on his Truth Social account, the US president said βChina played it wrong, they panicked,β adding that his policies would βnever changeβ.
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