The latest round of U.S. trade tariffs will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife.

Some prominent business allies of President Donald Trump are speaking out against the president’s tariffs, as the policy whipsaws markets and triggers recession warnings. Billionaire financier Bill Ackman,

Multiple recent polls show the president's favorability slipping below 50%. Many voters say they disagree with his aggressive tariff plan.

Global stock markets plummeted further on Friday after China said it would strike back at U.S. President Donald Trump with additional tariffs of 34% on U.S. goods, escalating a trade war that has rattled investors and fed fears of a coming recession.

Shares of major Chinese technology companies fell on the expected brunt of U.S. tariffs and broader concerns that the trade war could hurt the world’s second-largest economy .

Chinese stocks plunged and bond yields fell toward a record low as investors braced themselves for the fall-out of a spiraling trade conflict between the world’s two largest economies.