Sell-off worsens worldwide and Dow drops 1,000 after China retaliates against Trump’ tariffs

By STAN CHOE, Associated Press Business Writer
NEW YORK (AP) — Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.
The S&P 500 was down 2.9% in early trading, coming off its worst day since COVID&nb