Dollar slides, stocks diverge as US-China trade war escalates

London (AFP) April 11, 2025
The dollar tumbled, gold hit a fresh record high and stock markets seesawed Friday as China again retaliated against US tariffs, deepening a trade war between the world's two biggest economies. Wall Street opened in the red but quickly rose to cap a highly volatile week as investors grapple with President Donald Trump's unpredictable tariffs policy. European markets wobbled as China said