With global markets again in free-fall, the president appeared to be losing support of business leaders, raising questions about his leverage in his trade fight.

The S&P 500 looks precariously close to plunging into a bear market today.Karsten Moran for The New York TimesNo letup in sight

Frenzied selling is gripping global markets for a third straight session, with the S&P 500 and Nasdaq futures deeply in the red, along with a clobbering in European and Asian stocks, as President Trump digs in on tariffs. A new wave of duties is set to take effect this week that could further upset global markets.

Trump continues to say he doesn’t care about the stock markets. But last week’s greater than $5 trillion hit to the S&P 500 may be weakening his hand as talks continue with U.S. trading partners. And business

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

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