Mon Apr 07 01:40:00 UTC 2025: ## US-China Trade War Intensifies, Sending Global Markets into Freefall

**Taipei, Taiwan – April 6, 2025** – President Trump’s announcement of retaliatory tariffs against major trading partners has sparked a dramatic escalation in the US-China trade war, triggering a global market crash. China responded with a 34% tariff on all US imports, causing significant losses across global stock markets.

The Nasdaq Golden Dragon China Index plummeted 8.9% on April 4th, its largest drop since October 2022. US markets also suffered heavy losses, with a combined market value evaporation of approximately $5.4 trillion over two days. Analysts fear further declines when Chinese and Hong Kong markets reopen after the Qingming Festival holiday. A similar drop in these markets could push several key indices into a technical correction, potentially even a bear market, unless significant intervention from investors occurs.

This economic turmoil comes amidst other news, including a Taiwanese American conference (details unavailable), a hiking event in Sanhuan City (“Team Taiwan”), and Bill Gates’ prediction that AI will replace many doctors and teachers within a decade. The impact of these events on the overall market situation remains to be seen.

Read More