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The US stock market plunged on Friday after President Donald Trump threatened a new wave of tariffs on Chinese goods, reigniting fears of a full-blown trade war. The announcement sent shockwaves through Wall Street, wiping billions off market values and prompting investors to rush into safe-haven assets.
By the end of trading, the S&P 500 had dropped more than 2.5%, while the Dow Jones Industrial Average slid nearly 2%. The Nasdaq Composite was hit hardest, tumbling over 3% as tech shares faced heavy selling.
Analysts said Trump's remarks were the catalyst behind the sudden sell-off, raising fresh concerns about global trade and market stability.
Trump's comments, posted on Truth Social, threatened to impose 100% tariffs on Chinese goods in response to Beijing's restrictions on rare earth exports, which are crucial for semiconductors and defence technologies ..........See More
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