Global stock markets continued their steep decline as China retaliated against US tariffs, escalating fears of a prolonged trade war. The Dow Jones tumbled, with significant losses for tech companies like Apple and Tesla. Concerns about a potential recession grew, despite positive US job growth. Investors remain anxious about long-term economic impacts. Post navigation US: Markets tumble with S&P 500 down 5% and Dow down 1,600; Trump says ‘some pain’ is worth it Window opens for fuel price cut as US-China tariff war trips oil prices