Market Crash: Markets across the world including America crashed after China's huge tariff

China retaliates to Trump's tariffs, Dow Futures fall more than 700 points. On Wednesday, the stock markets again witnessed a big decline when China announced 84% retaliatory tariffs on American goods. This affected the American market and Dow Jones Futures fell by about 700 points (1.5%). S&P 500 Futures fell by 1.4% and Nasdaq 100 Futures fell by 1%.

China has made a big counter attack against America, increased the tax to 84%. China has announced to impose 84% tax on goods coming from America from April 10. Earlier this tax was 34%, that is, now the tax has been increased almost two and a half times.

Along with this, China has put 12 American companies in the export control list. 6 American companies were added to the list of 'unreliable companies'. US President Donald Trump had decided to impose 104% tax on Chinese goods a few days ago. In response to this, China has also increased the tax on American goods. This tariff war has now reached a dangerous level, due to which there is a danger of complete stoppage of trade between the two countries. Which stocks declined- Apple shares fell by 2% in pre-market trading. Ford Motor shares fell by more than 2% and General Motors shares fell by 1%. Canada has also reiterated its plan to impose 25% tax on American vehicles. What is happening in global trade- America has imposed 104% tax on China which has come into effect from midnight. China retaliated by announcing 84% tax on American goods. Canada and many other countries are also imposing retaliatory tariffs against America. Fear in the market- According to Piper Sandler analyst Andy Laperrier, "Taxes may be reduced in the coming time, but they will still remain at the highest level of our lifetime. There is a possibility of further increase in taxes in the near future. In the last 4 days:- Dow Jones has fallen by more than 4,500 points. S&P 500 has fallen by 12%. Nasdaq Composite has fallen by more than 13%. 

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