Billionaire Bill Ackman delivers frank 3-word message on tariff war
A global tariff war is heating up, and here's what could be next.
Markets sank further after China fired back at the U.S. with a sweeping 34% tariff on American goods, matching the import tax President Donald Trump imposed earlier.
The S&P 500 and the Nasdaq Composite both declined close to 5% on April 4. Year-to-date, the two indexes are down 12.5% and 18.4%, respectively.
