LONDON ? A broad selloff in commodities gathered pace in April as investors recalibrated growth expectations after the latest escalation in the U.S.-China tariff fight, pushing down prices for oil, metals and several agricultural products.

In a market roundup published April 10, CNBC said the S&P GSCI index had dropped more than 8% since the latest U.S. tariff announcement on April 2, with energy posting the sharpest losses and analysts warning that markets were beginning to price in a deeper global slowdown.

Fresh trade retaliation added to that pressure. S&P Global Commodity Insights reported that China would lift additional tariffs on U.S. goods to 84% from 34%, saying the move followed Washington's new tariff increases and came amid a broader selloff in commodities and financial markets.

Individual markets also reflected the shift in sentiment. Bloomberg reported that copper in New York had fallen into bear-market territory by April 7 as recession fears intensified, while other reports tracked weakness in coffee and other trade-sensitive commodities.

The slide underscored how quickly the tariff dispute had moved beyond headline politics and into pricing for raw materials that are often treated as an early gauge of industrial activity and consumer demand.