US: Markets tumble with S&P 500 down 5% and Dow down 1,600; Trump says 'some pain' is worth it
Global stock markets plummeted after China retaliated against the US with significant new tariffs, heightening fears of a global recession. The S&P 500 experienced its worst drop since 2020, while the Dow and Nasdaq also saw significant declines. Heavy losses were seen across US companies with significant exposure to China.
Global stock markets plummeted after China retaliated against the US with significant new tariffs, heightening fears of a global recession. The S&P 500 experienced its worst drop since 2020, while the Dow and Nasdaq also saw significant declines. Heavy losses were seen across US companies with significant exposure to China.
