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U.S.

stocks plunge as China hits back with 34% tariffs, while oil prices tumble.

Plus, Fed Chair Jerome Powell warns of weaker economic growth after the tariff hikes.

And a new Wall Street Journal poll finds that voters soured on Trump's economic plans even before

Wednesday's raft of new tariffs. Donald Trump has done so much in the first two and a half months of his new term that it's

hard to keep track of it all, and voters are still scrambling to catch up with some of it.

It's Friday, April 4th.

I'm Alex Osloaf for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

A sharp rise in trade war intensity sent Wall Street spiraling today.

China's decision to apply a 34% levy to all imported goods from the U.S.

rattled markets, in part because it further deflated hopes that a global settlement could

be reached soon.

Investors rushed into treasuries, pushing 10-year yields well below 4% before they drifted back

up later.

Oil prices slid further, with benchmark U.S. crude falling to about $62 a barrel.

All major U.S. indexes dropped today, ending a brutal week.

The Dow fell more than 2,200 points, closing down 5.5% lower today.

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