MARKETS DROP AS TRUMP’S TARIFFS ON CHINA TAKE EFFECT — S&P 500 NEARS BEAR TERRITORY
The S&P 500 futures plunged early this morning after President Trump’s 104% tariffs on Chinese imports officially went into effect at midnight, sparking global fears of an intensifying trade war.
Dow futures dropped 248 points, while the Nasdaq-100 held slightly positive amid volatile pre-market trading.
This marks the worst 4-day stretch for U.S. markets in years:
• Dow Jones: -4,500 points
• S&P 500: -12%
• Nasdaq: -13.4%
Trump hailed the tariffs as a “Liberation Day” for American industry, but markets reacted with alarm. China has vowed retaliation, and European leaders warn that a full-scale trade conflict could tip the global economy into recession.
#TradeWar #TrumpTariffs #SP500 #USMarkets #ChinaTariffs @rageintel
