The Dow Jones industrial average, which tracks 30 major US companies, has dropped by 0.9% – shedding 383 points to trade around 42,418.
The broader S&P 500 index is down 1.4%, while the tech-focused Nasdaq has slumped by 2%.
This follows last week’s selloff, in which the S&P 500 fell by over 3%, its worst run since early September.
Stocks are sliding today after China today imposed reciprical tariffs on US imports, targeting agricultural products, in response to the 10% tariff imposed by the US on Chinese imports.
Hopes that Donald Trump’s more erratic actions could be reined in by the markets appear to be being eroded, after the US president failed to rule out a recession in his weekend interview with Fox.
I don’t think so, but it will be fun to see how Project 2025, MAGA, Trump, Elon and the Republicans will blame each other for the whole mess and try to avoid all responsibility.
Blame each other? You mean OBAMNA, SLEEPY JOE BRANDON, HUMTER.
His fans don’t have the guts to admit they’re wrong nor the brains to realize they’re wrong.
It will be the fault of the opposition somehow… Which one? The opposition obviously. Wdym you want more details?