Escalating US-China trade dispute heightens global concerns
April 5, 2018
WASHINGTON (AP) — An escalating trade dispute between the world's two biggest economies heightened fears Wednesday of a global trade war, sent global stock markets tumbling but also left the door open to a negotiated settlement that might prevent any serious damage before it begins.
The Dow Jones industrial average tumbled after markets fell in Europe and Asia on worries of an intensifying trade conflict between the United States and China.
After the United States unveiled plans to impose tariffs on $50 billion in Chinese imports Tuesday, China lashed back within hours, matching the Ameri...