India, April 4 -- Except the yellow metal, which is up marginally, nothing else is moving up on Friday.
Asian stocks tumbled, European stocks are plunging sharply and oil prices are plummeting as well, as U.S. President Donald Trump's sweeping "reciprocal tariffs" announcement has triggered fears of a strong retaliation by some major trading partners and possibility of a global recession.
Criticizing Trump's decision to impose 34% of additional reciprocal levies on China, which raises total U.S. tariffs against the country to 54%, as "inconsistent with international trade rules," the China's finance ministry said today that it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
With more countries, includin...