Trump's Tariff Retreat Triggers Stock Market Plunge
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US stocks plummeted Thursday morning, reversing Wednesday's surge following President Trump's surprise tariff pause. The Dow fell 5%, Nasdaq over 4%, and S&P 500 over 3.5%. The White House clarified that total tariffs on China increased by 145% under Trump's administration. While Republicans lauded the move, Democrats accused Trump of market manipulation and criticized the policy's volatility. Concerns arose about potential insider trading, with calls for increased transparency. Even positive economic news, like the EU's tariff suspension and cooling US inflation, failed to impact the market's negative reaction.
US stocks plummeted Thursday morning, reversing Wednesday's surge following President Trump's surprise tariff pause. The Dow fell 5%, Nasdaq over 4%, and S&P 500 over 3.5%. The White House clarified that total tariffs on China increased by 145% under Trump's administration. While Republicans lauded the move, Democrats accused Trump of market manipulation and criticized the policy's volatility. Concerns arose about potential insider trading, with calls for increased transparency. Even positive economic news, like the EU's tariff suspension and cooling US inflation, failed to impact the market's negative reaction.
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