<ul><li>Global stocks extended losses and bonds rallied after China ratcheted up global trade conflict by hiking tariffs on US imports.</li><li>S&P 500 stock futures sank 2.2%. Europe’s equity index tumbled 4%, wiping out all gains for this year.</li><li>Beijing will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency.</li><li>The move shows US trade partners are hitting back at President Donald Trump’s sweeping trade-tariff hikes, in what could be a severe setback for the world economy that’s already showed signs of softening.</li></ul>

Global Stocks Extend Slump As China Retaliates On Tariffs: Markets Wrap

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