Trump’s new China tariff sparks wide sell-off, wiping 2.7% off the S&P 500 on the bull market’s third birthday
NegativeFinancial Markets

Trump's recent announcement of new tariffs on China has triggered a significant sell-off in the stock market, causing the S&P 500 to drop by 2.7% on the third anniversary of the bull market. This move raises concerns about escalating trade tensions and its potential impact on the economy. Investors are reacting to the uncertainty, especially with Trump hinting at canceling his upcoming meeting with Xi Jinping, which could further strain U.S.-China relations.
— Curated by the World Pulse Now AI Editorial System