Yet more trade countermeasures as China upsets tariffs on U.S. goods to 125 percent.
We'll look at how investors can prepare for the road ahead after a volatile week in markets.
Borderings are dumbstruck by what's just happened and they yearn for clarity.
This reprieve doesn't really give that much clarity.
So I think business investment spending and hiring is going to be on ice.
Plus,
the rest of the day's news as the U.S. and Iran prepare for nuclear talks and the Supreme Court orders the return of a man mistakenly deported to El Salvador.
It's Friday, April 11.
I'm Luke Vargas for The Wall Street Journal and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
Global markets are on pace to end the week on a rocky note as trade tensions continue to weigh on the economic outlook.
This morning, China announced it would raise its retaliatory tariff on U.S. goods to 125 percent effective tomorrow,
matching the latest duty imposed by the White House.
Beijing signaled it's now done, matching each U.S. tariff increase,
saying American imports are no longer marketable under current levels.
Speaking at a meeting with Spain's Prime Minister in Beijing,
Chinese leader Xi Jinping said today there'd be no winners in a tariff war,
but added he was not afraid of the fight to come.
Meanwhile,
the Trump administration has kicked off a high-speed effort to negotiate ad hoc deals with more than 70 countries hoping to escape higher tariffs.