2025-04-05
26 分钟Hello and welcome to World Business Report from the BBC World Service.
I'm Roger Hearing and on this edition, the latest on the markets as U.S.
investors close out a week that saw trillions wiped off share values in relation to reaction to Donald Trump's tariff announcement.
Also, we'll hear from the boss of the largest container port in the U.S.
on how it's all going to affect the imports coming through Los Angeles.
Plus, with so many pension funds invested in Wall Street,
how worried should those about to retire be about the huge losses?
As TikTok in the U.S.
is given another stay of execution, who's bidding to take it over from the Chinese,
and why America has turned its back on a small compact car.
But you can almost hear the size of relief along Wall Street in the last few hours.
One of their wildest weeks ended just over an hour and a half ago when equity markets closed in the U.S.
and investors could lick their wounds.
It's not a crash, at least not yet, but the main indexes have tumbled with trillions of dollars wiped off share values.
And it's all in reaction to the upending of the global trade system,
heralded by big tariffs imposed on goods coming into the U.S.
from almost every country in the world.
China has retaliated by promising to impose an additional 34% markup on all imports from the U.S.
President Trump said the government in Beijing had panicked.
So how did things stand as investors packed up for the weekend?