China Hits Back With Additional 34 Percent Tariffs; Markets Drop After Tariffs Announcement | NTD Good Morning Full Broadcast (April 4)
China said it will impose 34 percent reciprocal tariffs on imports of U.S. goods in response to new U.S. tariffs. It follows Canada’s announcement of countermeasures on Thursday.
U.S. stocks lost around $3 trillion in market value on Thursday, the largest one-day decline in five years. But President Donald Trump says the market will boom, just like a patient will heal after an operation. NTD speaks with Milken Institute Chief Economist and Executive Director William Lee for analysis of the new tariffs and the reaction from stock markets.
A powerful storm system will bring “significant, life-threatening flash flooding” in the central United States through Saturday, according to the National Weather Service. At least seven people have already died in Tennessee, Missouri, and Indiana. Forecasters warn this is just the beginning of a multi-day weather event threatening more than 90 million people.
