China says 'market has spoken' after Trump tariffs spark global stocks rout
1. U.S. stocks fell over 5% amid escalating trade tensions. 2. China announced a 34% tariff on U.S. goods effective April 10. 3. Investor fears of inflation and recession have heightened post-tariff announcements. 4. President Trump remains unfazed, saying big business isn't worried about tariffs. 5. Calls are made for the U.S. to negotiate tariffs fairly.