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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 5% in morning trading, coming off its worst day since COVID wrecked the global economy in 2020. The Dow Jones Industrial Average was down 1,656 points, or 4.2%, as of 10:50 a.m. Eastern time, and the Nasdaq composite was 5.5% lower. So far…