India, Feb. 28 -- Indian shares plunged on Friday as traders grappled with U.S. President Donald Trump's new tariff threats.
China vowed to take "all necessary countermeasures and defend its legitimate rights and interests" after Trump said he would impose an additional 10 percent tariff on Chinese imports, intensifying a brewing trade war between the world's two largest economies.
The additional tariff will come into effect on Tuesday alongside sweeping 25 percent levies on Canadian and Mexican imports.
If is feared that the U.S. trade war may hurt global growth, worsen inflation and possibly spark recessions in some countries.
Traders also awaited India's Q3 GDP data and the release of the Federal Reserve's preferred inflation gauge, ...