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China eased its tight grip on the yuan by weakening its daily reference rate past the keenly-watched 7.20 per dollar level amid the dramatically escalating trade war with the US.

Fast-fashion giant Shein’s plans to shift some production out of China have met with opposition from the Chinese government, people familiar with the matter said, as Beijing seeks to stave off a manufacturing exodus in the face of Donald Trump’s escalating tariffs.

China pledged to retaliate against Donald Trump’s latest tariff threat and stepped up efforts to support the market, raising the risk of a prolonged trade war between the world’s two largest economies.

BlackRock Inc. Chief Executive Officer Larry Fink said most CEOs he talks to think the US is in a recession, warning that stock markets could decline further as President Donald Trump’s tariff policies destabilize the world economy.

The Trump administration’s threat of massive new tariffs has sent Apple Inc.’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones.

The rumors only lasted about seven minutes. By then, stock investors realized it was not true that President Donald Trump was pausing tariffs for 90 days and, accordingly, stopped frantically bidding stocks higher.

Nach Asien und Europa sind am Montag auch die US-Börsen mit tiefroten Zahlen in die Handelswoche gestartet. In New York sank der weltweit bekannteste Aktienindex Dow Jones Industrial zu Handelsbeginn um 3,3 Prozent auf 37.051,71 Punkte. Der überwiegend mit Technologiewerten bestückte NASDAQ 100 gab etwas stärker nach, und zwar um 3,5 Prozent auf 16.781,47 Punkte.

President Xi Jinping’s decision to quickly retaliate against Donald Trump’s sweeping tariffs sent the world a clear message: If the US wants a trade war, China is ready to fight.

President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans.

European Union trade ministers closed ranks and signaled readiness to deploy a full spectrum of countermeasures including potential taxes on digital companies in response to US President Donald Trump’s sweeping tariffs.

US-Präsident Donald Trumps Zollpolitik hat den Börsen in der neuen Woche wieder heftige Verluste beschert. Der deutsche Leitindex DAX stürzte am Montag zum Handelsstart um bis zu zehn Prozent ab, der österreichische ATX um 7,4 Prozent. Der Euro Stoxx 50 fiel auf den tiefsten Stand seit Anfang August. Deutliche Verluste gab es auch in Japan, China, Hongkong und Australien.

Goldman Sachs Group Inc. economists raised their recession probability assessment and brought forward the forecast timing of the next US Federal Reserve interest-rate cut following the Trump administration’s tariff announcement.

Traders boosted their expectations for Federal Reserve interest rate cuts this year as the US administration’s tariffs ignite fears of a global recession, and markets increasingly are also betting on an emergency reduction.

The carnage in financial markets unleashed by President Donald Trump’s tariffs continued unabated on Monday, with Asian equities pummeled from the open and stock futures in the US showing that last week’s $5 trillion wipeout isn’t over.

Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets.

There’s a good chance that markets will see more turbulence ahead similar to what happened on Thursday and Friday, former Treasury Secretary Lawrence Summers wrote in a post on X Sunday.

US Treasury Secretary Scott Bessent on Sunday struck a defiant tone in the face of global financial markets selling off sharply in response to new US tariffs, arguing the duties were necessary and rejecting the idea that they would cause a US recession.

European Central Bank Executive Board member Isabel Schnabel suggested that US President Donald Trump’s tariff onslaught may signify that the era of free-flowing global commerce is over.

In every corner of the financial markets, from stocks to bonds to commodities, investors are sending Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast.

Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn’t lead to a growing inflation problem.

Expectations for European Central Bank interest-rate cuts are rising as investors and analysts assessing the fallout from Donald Trump’s tariffs conclude that the outcome for inflation will be more benign while growth will suffer.

US job growth beat forecasts in March and the unemployment rate edged up, pointing to a healthy labor market before the global economy gets hit by widespread tariffs.

China retaliated against new US tariffs with levies on all American imports, delivering on a promise to strike back after President Donald Trump imposed duties and escalating a trade fight.

Eine leichte Entspannung in der Baubranche zeigt das Ergebnis des aktuellen Bauwirtschaftsradars der Wirtschaftskammer. Von Aufschwung ist zwar noch keine Rede, man gibt sich aber schon damit zufrieden, keinen neuen Tiefpunkt erreicht zu haben.

Investors braced for further pain across global markets as US stocks and the dollar suffered their worst day in years after President Donald Trump’s latest tariff measures sparked a global flight to haven assets.

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.

US President Donald Trump’s array of tariffs threatens the global economy and calls into question the European Central Bank’s achievements in fighting inflation, according to Governing Council member Joachim Nagel.

Federal Reserve Vice Chair Philip Jefferson said interest rates remain well positioned to handle competing risks despite a high degree of uncertainty in the economic outlook amid substantial changes to US policies on trade, immigration and regulation.

The US stock market is down almost 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W. Bush in 2001 during the height of the dot-com selloff.