India, April 4 -- Swiss stocks fell sharply on Friday, mirroring losses across Europe and elsewhere, as the Trump Administration's sweeping tariffs on trade partners, and retaliatory move announced by China, and possible countermeasures by a few other major countries as well, raised fears of a possible global recession.
Trump's moved prompted several European leaders to warn of retaliatory measures. French President Macro reportedly called on companies to suspend planned investments in the U.S.
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," China's finance ministry said today that it will impo...