China raises tariffs on U.S. imports in latest escalation of trade war

China raises tariffs on U.S. imports in latest escalation of trade war

Lisa Desjardins:

This after 10 days of stock market upheaval that for some might have felt like weeks. On April 2, when Trump announced sweeping tariffs, the Dow Jones industrial began to plummet. It regained some footing when Trump backed off the toughest tariffs earlier this week. But as today started, the Dow was still sharply below where it was last month.

Something else is lower too. New data from the University of Michigan shows consumer confidence dropped for the fourth straight month.

For the “PBS News Hour,” I’m Lisa Desjardins.

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