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Live from NPR News in Washington, I'm Corva Coleman.
Stock markets are spooked again today as investors try to make sense of President Trump's worldwide tariffs.
The Dow Jones industrials lost nearly 4% of their value yesterday.
In pre-market trading this morning, Dow futures are down 3.5%.
Meanwhile, China is hitting back.
And, fears John Ruhich reports, Beijing will impose tit-for-tat tariffs on U.S.
goods.
In coordinated statements, government ministries laid out the details of China's retaliation,
which sharply escalates the trade war between the world's two biggest economies.
The finance ministry will impose a 34 percent tariff on all U.S.
imports.
That's the same rate that the Trump administration imposed on China during Wednesday's so-called Liberation Day global tariff blitz.
China's tariffs take effect on April 10.
The Ministry of Commerce is adding 16 U.S.
entities to an export control list and 11 to a so-called unreliable entities list,