A rapidly escalating trade war has socked stocks as investors weigh the fallout from President Trump’s tariff barrage.

Yesterday’s markets sell-off was one for the record books, with tariff uncertainty on the rise.Brendan McDermid/ReutersWatching the tariff fallout

Investors are bracing for another nerve-racking ride after Thursday’s sell-off vaporized $2.5 trillion from the S&P 500 on fears of trade wars, a resurgence in inflation and a chill in global growth.

S&P 500 futures are sinking Friday, after the benchmark index limped through its worst one-day decline since 2020, at the height of the coronavirus pandemic. Stocks in Asia and Europe are down, too.

Just in: Beijing said it would impose an additional 34 percent tariff on U.S. imports next week, a move that further rattled investors. The yield on the 10-year Treasury bond plummeted below 4 percent on concerns that tit-for-tat moves

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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