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Trump Slump: Tariff turmoil sends stock market into 'tailspin' | LBC
Posted
April 8, 2025
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April 8, 2025
38,057
560
237
2.09%
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10:03Now PlayingPresident Trump has refused to 'pause' tariffs despite the plummeting global stock markets - as China vows to 'fight to the end' in response to the retaliatory measures.
The Asian nation threatened to "resolutely take countermeasures to safeguard its own rights and interests" on Monday, in response to US President Donald Trump's threat of an additional 50% tariff on Chinese imports.
In a statement, China's Commerce Ministry labelled the US's use of "so-called 'reciprocal tariffs'" against China "completely groundless and is a typical unilateral bullying practice".
The ministry hinted more retaliatory tariffs are to be expected in the coming days.
It comes as Trump warned Americans not to be 'a Panican' - the US President's newly coined terminology referring to “a new party based on weak and stupid people” - an apparent reference to those panicking within the Republican Party.
The global market turmoil comes as Sir Keir Starmer is due to be questioned by senior MPs on Tuesday over the impact of US tariffs.
Nick Ferrari is joined by Jeremy Hunt's former adviser Simon Finkelstein and editor Freddy Gray to discuss the anticipated trade war.
Listen to the full show on Global Player
#nickferrari #trump #trumptariffs #donaldtrump #president #economy #whitehouse #uspolitics #netanyahu #stockmarket #recession #china #keirstarmer #ukpolitics #LBC
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