India, April 4 -- It's a bloodbath on Bay Street again with the stocks seeing a free fall amid rising fears of a global recession following U.S. President Donald Trump's sweeping "reciprocal tariffs" moves and the retaliatory move by China raising concerns about economic growth.
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, including Canada and the European Union, likely to announce countermeasures in the foreseeable future, the mood on Bay St...